SGL Media Announces new Layoffs

• Author
• Recent Posts

Chrispen

Business || Brand strategist || Marketing - We make and break Brands®

Latest posts by Chrispen (see all)

• Mother who has Lived a Painful Marriage Life - November 22, 2024
• Microsoft Chops OneDrive Storage Capacity for Student Accounts - November 21, 2024
• Kenyans now aim Guns at SHA-Adani Deal, Issue Altimatum to Ruto - November 21, 2024

Saturday, September 2, 2023 –Giant media house, the Standard Group PLC, has announced another final round of layoff that is going to send home both senior and junior staff members.

This drastic move taking place just one month after the management sent home hundreds of their journalists in what was described as ‘redundancy’.

Within 2023 alone, the Standard is sending home another bunch of workers as part of its new efforts to remain in business and to improve on the fast-dwindling profits.

“This is to notify all members of staff of the Company’s intention to declare redundancies that will affect employees across several departments,” the memo seen by Homenews.Co.ke read in part.

The Joe Munene-signed letter has indicated that those to be axed off, include employees in all cadres – senior and juniors staff who are salaried.

He attributed the drastic cut off to the current economic downturns, the rising cost of living as well as stiff competition from digital space.

“This process has been necessitated by the need to restructure the business to adopt a leaner, more efficient structure,” the Acting CEO stated.

With different technology now occupying the world of relaying news, the company is aiming to adopt new and competitive strategies to fit into the space.

The CEO assured those who will be affected of safe and unbiased lay off process that will take place in close phases and in strict compliance with the Employment Act, 2007, and the Collective Bargain Agreement CBA for union employees.

“They will receive notice pay as per the Contract of Employment, and payment of leave days accrued and not taken at the time of exit.

“Affected employees will have get their pension dues or gratuity in accordance with the Scheme,” Mr. Munene assured the victims.

The Mombasa-Road based company will also be extending guiding and counseling as well as free financial management sessions for the victims.

Just months ago, the long-serving media’s Chief Executive Officer Orlando Lyomu, was axed to pave way for Mr. Joe Munene who was picked by the board, internally.