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Job cuts ease out as firms resume full operations

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Business Daily | by Constant Munda

Job sheds by corporates flattened out in September as more firms resumed operations after months of interruptions caused by restrictions imposed to stem the spread of Covid-19, a survey shows.

The pause in layoffs came as the Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI) jumped to 56.3 in September, from 53.0 in August, its highest level since April 2018—raising hope of recovery after prolonged economic turmoil since March when Kenya reported its first case coronavirus infection…

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