Tusker Mattresses (Tuskys) has laid off a number of its staff, citing redundancy in the affected roles after company restructuring. However, the retail giant has not revealed the number of affected employees.
The terminations will take effect from 19th March 2020.
According to the retailer’s CEO, Dan Githua, a drop in sales and customer numbers for the past two years has been the main push behind the move.
The company’s performance in the last two years has been on the decline. As such, the company has embarked on a process of restructuring its operations to ensure financial viability.
Tuskys General Manager in charge of Human Resource, Francis Kimani
Furthermore, the affected staff will receive one month’s salary in addition to payments for any unused leave days by the month of April.
Tuskys, though an unlisted company, has close to 65 branches spread across Kenya and Uganda.
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