Shoprite has announced plans to close its Karen Waterfront branch barely 8 months after the outlet opened.
According to the management of the South African based retailer, all the 104 employees at the branch will be declared redundant.
“It is contemplated that the intended date of termination on account of redundancy will be 20 May 2020… It should be noted that the branch will cease trading operations on a sooner date but this will not prejudice you as you will continue to tender your services at same branch until termination date,” a letter addressed to the employees states.
“It is envisaged that the extent of redundancy will impact all employees at the said branch (Waterfront). There are currently 104 persons employed at the branch of which 74 are members of KUCFAW,” another letter letter addressed to the Kenya Union of Commercial Food Allied Workers (KUCFAW) states.
The retail giant closed the financial year 2019 with a Ksh79 billion debt including Ksh571 million from Stanbic Bank Kenya that was meant for expansion.
Shoprite employs at least 500 people in all it’s branches in the country.