Standard Group today starts offloading what it considers “excess baggage” among its staff this morning, an exercise that will see Kenya’s second biggest media house axe about 30% of workers from.
The pruning of employees was kick-started early in the year after Deloitte, a consulting firm, recommended that the company’s balance sheet needs to be freed of excess salaries and wages.
Business Today is closely following events at the Standard Group Centre, Mombasa Road, and will be bringing you stories on the latest.
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