Tuskys To Lay Off Employees As Fortunes Dwindle


Chain retailer Tuskys has announced plans to lay off several employees over reduced profitability.

In a notice dated February 19,2020, the retailer announced that the company’s performance in the last two years has been on the decline.

“As such the company has embarked on a process of restructuring its operations to ensure financial viability. This has been orchestrated by a drop In sales and in customer numbers even as the Kenyan retail sector continues to experience growth with entry of big multinational players,” said the company.

Read: Kenyan Real Estate Poised For Uptick as Finance Flows Reopen

The most affected staff are those attached in the facilities department who will be declared redundant in a month’s time effective March 19, 2020.

The retailer has already started issuing redundancy letters to affected employees.

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