600 firms fire staff over Covid-19 challenges


[Source: Business Daily, by Constant Munda]

More than 600 companies have shed jobs since the onset of the Covid-19 crisis in March, a staggering number that employers say could be the worst since economic downturn of the early to mid-1990s.

The Federation of Kenya Employers (FKE) says the current level of strain on corporate earnings could “possibly the worst since 1992-1997” period, and that it is difficult to ascertain how long the coronavirus-triggered damage will last…

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