578 workers retired as KQ completes staff cuts
06 September 2012, 17:20
NAIROBI, Kenya, Sept 6 – Kenya Airways (KQ) on Thursday announced the completion of its staff rationalization programme that has seen 578 employees retrenched.
The layoffs which kicked off earlier this week will cost the airlines over Sh800 million in retirement packages.
The airline’s CEO Titus Naikuni said the layoffs will see the company save up to Sh1.2 billion every year which he said will be reflected in the first half of the next financial year.
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