STAHOUSE HEADACHE: List Companies That have SHUT DOWN or RETRENCHED Staff due to Jubilee TERRIBLE Conditions for Business

If The Economy Is So Good, Why Are Companies Shutting Down Or Sending Home ‎Employees In Kenya??‎

• Soft drink manufacturer Coca-Cola is trimming its branches
• Nakumatt is trimming its branches
• Kenya airways plans and has shed jobs
• Bank of Africa has sent home employess
• Standard chartered is sending home employees
• Ecobank sending staff home
• Family bank sending staff home
• Sidian bank sent home staff
• Kcb group trimmed its staff
• Sameer Africa has closed down and sent plant to india
• Toyota Kenya shed jobs
• Eveready East Africa closed its Nakuru-based battery factory in September 2014‎
• ‎ chocolate maker Cadbury shut down its factory in Nairobi October 2014‎
• The company closed some of its radio and TV stations last year 2016 and fired another ‎batch of employees ‎
• East African Portland Cement Company In November 2016 , the company announced ‎plans to retrench 1,000 employees in its 1,500 workforce ‎
• Postal Corporation of Kenya Popularly known as Posta Kenya, the company also was to ‎lay off 2,000 ‎
• Telcom Kenya : another mobile phone company which announced plans to fire 500 ‎employees out of its 1,600 strong work force in order to be able to remain afloat. ‎
• Banking giant Hong Kong Shanghai Banking Corporation (HSBC) formally exited Nairobi.‎
• Reckitt & Benkiser, Procter & Gamble, Bridgestone, Colgate Palmolive, Johnson & ‎Johnson and Unilever have all relocated or restructured their operations mostly to Egypt ‎or South Africa
• Mumias Sugar closed down
• Oserian Ltd, LAID off more than 400 workers citing low European market demand and ‎high cost of production.‎
• The Kenya Meat Commission (KMC) has laid off 119 employees

The post STAHOUSE HEADACHE: List Companies That have SHUT DOWN or RETRENCHED Staff due to Jubilee TERRIBLE Conditions for Business appeared first on Kenya Today.