Angry Standard Group Employees Wrestle With Auctioneers

It took the intervention of the CEO to save the debt collectors from being lynched

The bright Thursday morning did not betray anything at Standard Group Centre on Mombasa Road, except for the feverish haste that is the norm for most employees in media houses. Early birds were deeply immersed in their duties as the normal 8 to 5 schedule employees started streaming in.

All Standard Group Media platforms were in full gear – KTN Home and KTN News streaming their programmes while Standard newspapers sat fresh on the tables beckoning for readership, with the headline “Cost of Living Must Drop: Raila to Ruto”. But no one could be feeling the pain of this high living cost than those who work here at Standard Group, having gone for months surviving on a fraction of their pay.

>> Kenya Breweries Gives its Newest Drink a Maasai Name

But as the morning peace started giving way to the daily grind, an unusual hush swept offices on the upper floors: auctioneers had struck! Bit by bit information spread across the building that something was a miss.

Somehow a dozen men had made their way into the Standard offices undetected with one mission: to seize some valuables as a way of pushing the management into paying  debt. It is not clear whom the auctioneers represented but given that Standard owes a number of companies cash running into millions, including its own employees, this did not surprise many.

The 12 swung into action and started carting away office chairs, starting with the newsroom which accommodates most of the staff. After about 15 minutes they had cleared the newsroom. While seats were not the most valuable items in the building, picking them away may have been calculated to disrupt operations.

Panic was spreading as employees watched the unfolding events. Something had to be done, and urgently so, to save the situation. A newsroom without seats would have meant employees working while standing, kneeling or crouching.

Swiftly employees mobilized themselves to fight back. In what looked like a movie, Standard Group employees moved to stop the auctioneers from carrying away the seats. They created a picket outside the Standard Group office to protest against the ambush by the auctioneers.

>> How Equity Bank Sealed Deal to Buy a Bank in Rwanda

It took the intervention of Standard Group CEO Joe Munene to save the auctioneers from being lynched. The debt collectors yielded and went into a meeting with the CEO.

The raid has raised questions within Standard, though, with some wondering how the group managed to breach the tight security to access the building. Either security was compromised or something fishy was going on. This has some staff speculating that the raid could have been stage managed by management strategically at the end of month to justify not paying salaries.

Standard Group had paid full salaries for October after many months of paying a fraction. The October pay had stirred hope among employees that, at long last, things were looking up. With this turn of events, that excitement could be short lived.

>> Slaying it like Riggy G: Inside DP’s Multi-Billion Tendering Complex

Latest

How to Invest in Kakuzi Shares

Investing your money in Kakuzi shares can help you...

Safaricom Reveals Strategic Secrets at Ethiopia Investor Day

Safaricom PLC on Saturday 22nd Feb 2023 held its second investor day in Addis Ababa, providing an opportunity for the investment community to gain insights into the company's achievements and future plans as well as see the progress so far in Ethiopia rollout.

Safaricom Investment Co-operative Pays Out Sh142.4 Million

Safaricom Investment Co-operative shareholders have approved a ksh142.4 million rebate payout during the 15th Annual General Meeting.

Firms Announce Merger Deal to Expand Services

Dalberg Implement, a leader in on-the-ground program implementation with vast expertise in strategy execution, and Axum, an Afrocentric impact firm dedicated to fostering inclusive growth across the Global South, have announced a merger.

Follow Us

Newsletter

Don't miss

Throwing The Girls Into Deep End: Single Kiasi S3 First Look

Nairobi’s dating scene is about to get messy: Single Kiasi...

Win New Year Crossover Mugithi Tickets With Odibets

The event has attracted prominent Kikuyu musicians who will be headlining the event including Samidoh and Muigai wa Njoroge.

For Coloured Girls is Theatre Production of the Year

The play ‘For Coloured Girls (who have considered suicide/ when...

Tusker Oktobafest Rolls East African Cultures into One

From regional events across Kenya to inaugural gatherings in Uganda and Tanzania, and the Tusker Oktobafest grand finale in Nairobi, the festival harmonized traditions, celebrated diversity, and highlighted the rich cultural tapestry of the East African culture

Lupita’s Little Brother Junior Nyong’o Charting His Own Path in Acting

Junior Nyongó, who is also a musician and a DJ and now a graduate of UC San Diego with an MFA in Acting, is crafting his own solid path in the world of acting with roles in major theatre productions.

Safaricom To Power Tusker OktobaFest Beer Festival

Safaricom’s involvement in OktobaFest as a technology and payments partner will focus on fostering seamless in-festival connectivity, empowering the youth and Gen Z community through Safaricom Hook, and powering digital payments through M-PESA.

Music Producers Launch Organization To Streamline Recording Industry

Recording Industry of Kenya (RIKE) was launched on 9th October 2023. Registered in 2022 as a not-for-profit organization, RIKE aims to promote the collective interests of producers of sound recordings in the country.

Nairobi’s Hero Bar Listed Among World’s 50 Best Bars

World Best Bars: Hero Bar in Nairobi continues to climb the list, moving up six places to No.62 and Johannesburg’s Sin + Tax comes in at No.94. Dubai new entry Ergo is at No.69 and Melbourne’s Byrdi has re-entered the list at No.61.

Kenyan DJs Face Off In Smirnoff Battle Of The Beats Season 3

The Smirnoff Battle of the Beats Season 3, a DJ competition, is poised to unleash an unprecedented musical frenzy countrywide.

The Highs And Lows Of Betty Kyallo, Sisters Show As Season 2 Ends

Kyallo Kulture has always been, above all, about sisterhood, and in Season 2 we have witnessed the charm of it - the ups that gave us wholesome moments as the sisters led by Betty Kyallo spent time together.
BILL YAURA
BILL YAURA
Bill Yaura is a Correspondent for Business Today. He can be reached on email: [email protected]

How to Invest in Kakuzi Shares

Investing your money in Kakuzi shares can help you turn money into more money, whether you are planning for retirement, looking to boost personal...

Safaricom Reveals Strategic Secrets at Ethiopia Investor Day

Safaricom PLC on Saturday 22nd Feb 2023 held its second investor day in Addis Ababa, providing an opportunity for the investment community to gain insights into the company's achievements and future plans as well as see the progress so far in Ethiopia rollout.

Safaricom Investment Co-operative Pays Out Sh142.4 Million

Safaricom Investment Co-operative shareholders have approved a ksh142.4 million rebate payout during the 15th Annual General Meeting.

LEAVE A REPLY

Please enter your comment!
Please enter your name here