Saturday 27 February 2021
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Grim outlook as industries freeze hiring, signal layoffs.

Majority of Kenyan factories have frozen fresh recruitment amid uncertainty in regulatory and trade environments, an industry survey suggests. The findings paint a grim outlook in the sector expected to generate 800,000 new decent jobs under President Uhuru Kenyatta’s ambitious socio-economic transformation strategy, the Big Four agenda. A Kenya Association of Manufacturers (KAM) quarterly research showed slightly more than three-quarters of manufacturers surveyed did not plan to hire new staff in the next six months. Some 43 percent of the firms said they plan to retain their present workforce, while 33 percent are looking at trimming staff to protect profit margins. Factories, which plan to recruit more staff (24 percent), said they are largely targeting semi-skilled and unskilled workers.

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