Standard Media’s Fresh Round of Layoffs
Standard Group PLC, which owns KTN News and Radio Maisha, is preparing for another round of redundancies, just a few short months after laying off journalists.
Following the latest development, this will be the second time in 2023 that the media company has resorted to layoffs, with dozens of correspondents losing their jobs in March.
“This is to notify all staff members of the Company’s intention to declare redundancies that will affect employees across several departments,” the memo stated in part.
According to an internal memo signed by acting CEO Joe Munene on Friday, September 1, and obtained by PoliticalPulseChat, the latest round of layoffs will affect both senior and subordinate employees.
According to Munene, the layoffs are the result of several factors, including the economic downturn, the rising expense of living, and the growing competition from digital media.
“This process has been necessitated by the need to restructure the business to adopt a leaner, more efficient structure,” stated the acting chief executive officer.
In addition, he explained that Standard Group PLC is on the verge of implementing shifting media consumption trends brought about by technological advancements in the digital environment.
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Munene reassured the staff that the company would ensure compliance with the Employment Act of 2007 and the Collective Bargaining Agreement (CBA) for union employees.
Munene informed the staff that the affected employees would be notified in writing, noting that the company had no alternative but to reduce expenses.
The chief executive officer guaranteed that all employees who will be laid off will be compensated for all days worked up until their departure date.
“They will receive notice pay by the Contract of Employment, as well as payment for accrued but unused leave days.
“Affected employees will receive their pension or gratuity according to the Scheme,” Munene guaranteed.
Therefore, Munene provided a one-month notice of its intention to declare redundancy effective September 1st.
In addition, he disclosed that the organization will provide affected employees with private counseling and a complimentary financial management session.
Munene instructed the personnel, “Should you require further information, please contact the Human Resources Manager,”
Standard Media’s Fresh Round of Layoffs
