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Family Bank Kenya Fires Hundred Employees Amid Corona Crisis

Family Bank is said to fire hundred of staffs especially working on digital department declaring their positions redundant due to ‘digitization.

According to the story that was published by Kahawatungu and was later pulled down noted that the Bank’s Head of Human Resources Mr Elijah Kariuki told those affected that there had been a change of operating environment leading to automation of processes.

The report indicated that the employees on Friday were told to look out for any roles of their interest that may be advertised through internal job adverts, and apply for such.

It’s reported that on Monday, May 18, the bank wrote to the unknown number of employees terminating their contracts with immediate effect.

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Family Bank photo

In a letter sent to employees, the bank did not mention the adverse effects of Covid-19 on the economy as one of the reasons for retrenchment.

This isn’t the first time for the bank to fire staffs as in 2017, Family Bank laid off 150 employees, a move it says was prompted by the need to align its business to the current operating environment.

Family Bank MD in a past event

“We continue with various cost-cutting measures and in that respect, we have undertaken a restructuring programme to resize the support functions at the Head Office in order to achieve meaningful and sustainable revenue growth,” Family Bank Managing Director David Thuku was quoted saying.

Those fired are planning to write a complain letter to the ministry of labour and COTU secretary general Francis Atwoli seeking their intervention.

 

 

About Edwin Ochieng

Edwin Ochieng is living true to the calling of Journalism, He is passionate about issues of Business and Politics. Edwin Ochieng is a graduate from St Paul University and East African School of Media Studies (EASMS).

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