Sameer Africa has shut down its tyre distribution business, a move that will see it sack 73 employees at the end of this month. The Nairobi Securities Exchange-listed firm had recently retrenched 52 workers, with the upcoming downsizing set to raise the total jobs lost to 125. Sameer says the tyre business has continued to […]
Sameer Africa has shut down its tyre distribution business, a move that will see it sack 73 employees at the end of this month. The Nairobi Securities Exchange-listed firm had recently retrenched 52 workers, with the upcoming downsizing set to raise the total jobs lost to 125. Sameer says the tyre business has continued to […]
At least 73 employees of tyre distributor Sameer Africa will lose their jobs by end of May as the company struggles to stay afloat amid the economic crisis in the corporate sector. This is after the company directors resolved on April 20, to close down the tyre business. All the affected employees are engaged in […]
Sameer said it would spend Sh223 million to close the tyre business. FILE PHOTO | NMG Sameer Africa #ticker:FIRE will henceforth focus on its real estate business after shutting down its tyre distribution unit, the Nairobi Securities Exchange-listed firm has told its investors. The company projects that it will now return to profitability after exiting […]
An employee of the East African Breweries Limited checks on beer quality before labelling April 17, 2019 at the company’s plant in Ruaraka, Nairobi. PHOTO | SIMON MAINA | AFP As coronavirus pandemic continues to disrupt economic activities in the country, some companies have issued warnings on their profits margins. East African Breweries Limited (EABL), […]
If you thought the year 2020 will be friendly to both the employed and the job seekers, you better think again because this year seems determined to “end in tears” as many companies prepare to lay off their employees. Car tyre distributor Sameer Africa has announced that it will be laying off 52 employees starting […]
Tyre distributor Sameer Africa will from February 1 start laying off 52 employees as it struggles to survive, deepening the job crisis in Kenya’s corporate scene. FILE PHOTO | NMG Tyre distributor Sameer Africa will from February 1 start laying off 52 employees as it struggles to survive, deepening the job crisis in Kenya’s corporate […]
A worker at Sameer Africa. Photo/FREDRICK ONYANGO Listed company Sameer Africa is scaling down its operations in Kenya and the region. The firm is closing down some branches as the tough economic conditions experienced last year overspills to 2020. The decision to close down the branches was reached during a board of directors of the […]
Jubilee Group Chairman Nizar Juma. The firm said the job cuts would ensure increased operational efficiency. PHOTO | SALATON NJAU Jubilee Holdings #ticker:JUB is set to lay off 52 employees as it completes splitting of its insurance businesses in Kenya to increase efficiency and management focus. The firm announced on Thursday that the decision has […]
Sameer Africa employees at the firm’s plant in industrial Area. FILE PHOTO | NMG City lawyer Andrew Musangi, a kin of billionaire entrepreneur Chris Kirubi, has bought a 1.1 percent stake in tyre distributor Sameer Africa with an eye on the Nairobi Securities Exchange (NSE) listed company’s prime land holdings. Mr Musangi, who has accumulated […]
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