CAPTION: Orlando Lyomu, CEO Standard Group
Struggling media house Standard Group has declared its intention to lay off staff.
“I wish to notify all members of staff of the Company’s intention to declare redundancy across various departments,’ a statement seen by cnyakundi.com stated in part.
The Moi family-linked media house gave reasons for the move among them blaming the ‘negative of the covid-19 pandemic’ and the ‘shifting trends occasioned by technological changes in the digital environment’.
Staffers selected for the purge have been given a one-month notice.
“The Company is therefore giving one (1) months’ notice of the Company’s intention to declare redundancy with effect from the date hereof, The redundancy is expected to affect employees across various departments and will be undertaken in phases. The affected employees will be duly informed in writing,” the statement said.
Insiders blame the collapse of the company to bad management, nepotism, and lack of meritocracy in promotions.
FULL STATEMENT
REF: __ NOTICE OF INTENTION TO DECLARE REDUNDANCY:
I wish to notify all members of staff of the Company’s intention to declare redundancy across various departments. This has been necessitated by the following reasons:
@) Disruption of our business in 2020 and 2021 as a result of the Covid-19 pandemic which continues to negatively impact the Group’s revenues.
(ii) Restructuring of the business to adopt a leaner, more efficient structure.
(iit) Shifting trends in media consumption occasioned by technological changes in the digital environment.
The Company will ensure the process and the selection criteria is fair and in compliance with the provisions of the Employment Act, 2007 and the Collective Bargain Agreement (“CBA”) for union employees. All Employees who will be declared redundant will be paid as follows:
(i) Payment for days worked until the date of exit.
(ii) Severance pay of 15 days (or as indicated in the CBA for employees who are members of a union) for every completed year of service.
(iii) Notice pay as per the Contract of Employment.
(iv) Payment of leave days accrued and nor taken at the time of exit.
(v) Pension dues or gratuity in accordance with the Scheme Rules or Contract of Employment,
respecnively.
The Company is therefore giving one (1) months’ notice of the Company’s intention to declare redundancy with effect from the date hereof, The redundancy is expected to affect employees across various departments and will be undertaken in phases. The affected employees will be duly informed in writing.
Private counselling sessions will be available for the affected employees in addition to free financial management training within the month. Should you require further information, please contact the Human Resources Manager.
GROUP CHIEF EXECUTIVE OFFICER
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