– KQ Sacks more than 80 employees from their company
– The process was announced early this year in the month of March
– It is reported that there are more other employees who will be sacked/ sent home in their second phase of rationalization
Popular air flight company Kenya Airways (KQ) has sent home more than 80 of its employees. This is because of their rationalization process that was previously announced early this year.
The transporter has a workforce of around 4,000 representatives, with a pay bill of Sh16.9 billion toward the end of Walk 2015.
Kenya Aviation routes reported its greatest ever misfortune in 2015 of Sh25 billion and has subsequent to been searching for approaches to turnaround the business. This saw the arrangement of U.S consultancy firm McKinsey to draw up the rebuilding arrangement named ‘operation pride’ anticipated that would spare the carrier Sh20 billion. The aircraft has resolved to offer help to the influenced staff for the following two weeks.
Kenya Aviation routes has been working on a negative value position of Sh33.9 billion, further putting a strain on its operations. A year ago the aircraft declared that it had been compelled to take obligation to pay its specialists.
KQ reported a half year loss of Sh11.9 billion and is required to report its entire year results toward the end of July.
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