Kericho-based tea factory, James Finlay Tea, has announced plans to retrench 700 employees by December 31, 2020.
In a notice by Human Resource Manager Daniel Kirui, Finlay attributed the lay-offs to harsh economic times occasioned by the Covid-19 pandemic.
“This redundancy is a result of difficult business environment caused by among others low tea prices, low demand for various products and increased external costs.Considering these and in order to remain sustainable, we have restructured some of our operations leading to some roles becoming superfluous,” the notice reads in part.
This becomes the second time Finlay carrying out a mass layoffs, the first one being in October 2019 when it fired 1,700 workers following the closure of Chemirei and Tarakwet flower farms.
“Affected employees will be notified appropriately giving details of what is payable as specified in the Collective Bargain Agreement.”
“We will also endeavor to provide the affected employees with appropriate support including access to our counseling services up to their exit,” said Kirui.