Sasini Plc, a coffee and tea producer, listed on the Nairobi Stock Exchange, slashed a total of 1,364 jobs in the financial year ended 30th September 2020, the most extensive job cuts by a Kenyan listed company during the coronavirus pandemic era.
The company ended the period with 2,520 employees across its tea, coffee and other operations, down from 3,884 workers in the previous year.
For the same period, the company posted a net profit of KSh12.6 million, compared to a net loss of KSh337.7 million over the previous fiscal year.
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