It’s rare for a company to just sack all employees, but this time around, the East African Portland Cement Company (EAPCC) revealed that it’s entire staff is extremely lazy and that’s why it’s firing the entire workforce and ordering them to reapply under fresh terms and conditions.
In a major retrenchment decision which has shocked it’s employees, the company said it has been suffering with loses ranging from KShs 6 to 8 million every single day and it can no longer continue this way.
The market share for Portland cement has extremely reduced in the last three years, which is negatively affecting the sales and profitability. The internal memo which has been made public was signed by the Company’s acting managing director, Mr Nthei Stephen.
This could be assigned to several reasons, more significantly being lack of enough working capital and increased competition, ‘in the internal memo Mr Nthei added that he was still in a meeting, but he’ll get back to us shortly to make a clarification on how many employees will eventually be sacked, but the move is expected to see hundreds of them sent back home.
The company which is blamed for it’s poor performance on a worn out plant and machinery is mainly owned by Kenyan government.
According to Mr Nthei, all positions within the company will be announced redundant and all staff released. Afterwards, all positions will be rearranged regarding job consolidation and improvements, in accordance with a restricted organizational structure.
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