Business Daily | by John Mutua
Some 14,401 jobs in the formal sector have been declared redundant since March, pointing that majority of the 1.7 million layoffs in the wake of Covid-19 were not linked to scrapped positions.
Labour ministry report tabled in Parliament shows that 628 firms issued the redundancy notices—which are for job positions that were deemed unnecessary.
This means that most firms shed jobs due to lower sales following reduced economic activity in the race to protect profits…
