Hardly one (1) week after announcing that they received 500 million Kenyan Shillings from a private equity firm based in Mauritius popular retailer; Tusker Mattresses Limited (more popularly known as Tuskys), has commenced a new string of staff layoffs which begin in earnest, on the 22nd of September 2020.
The retailer through a letter addressed to all the employees who were affected, blamed the layoffs on numerous business operation realignments that are ongoing.
It however assured all employees affected by the layoffs that they will all be paid for all accumulated leave days in addition to severance pay.
All terminal dues will be received on the 13th of February 2021.
Tuskys according to Citizen Digital reports, had opted to cut down salaries of their staff, by anything between 20 percent and 30 percent, due to the weekly work hours being slashed from 45 hours to 36 hours.
The retailer also stated that the ongoing Coronavirus pandemic made it much more difficult to properly facilitate its 200 million Kenyan Shillings monthly wage.
The employees resisted the proposed salary cuts with the matter finally having to be resolved in court in July 2020.
The retailer has already carried out layoffs twice in 2020 amidst a number of its outlets closing up as a result of late rent payments and other difficulties.
As at the time of compiling this article, Tuskys had shut down more than five (5) outlets including one in at Komarock Mall, one in Uganda, and two in Eldoret town. The Tuskys outlet at Kisumu, had however been reopened on the 21st of August 2020 after a brief closure on the 20th of August due to rent arrears to the tune of 26 million Kenyan Shillings. The retail giant paid 15 million Kenyan Shillings with a promise to clear the rest of the balance by the 24th of August 2020.
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