Lobby raises red flag over spate of layoffs

Speaking yesterday at a Nairobi hotel, KNCCI Chairman Kipruto Kittony said if more investment were made in SMEs, job seekers would no longer have to depend only on big firms for jobs.PHOTO: COURTESY

Kenya National Chamber of Commerce and Industry (KNCCI) has raised the alarm over the current spate of layoffs by local firms.

The lobby said the worrying trend of massive job losses in almost all the sectors of the economy can be blamed on the failure of the private sector and the Government to invest more in Small and Medium Enterprises (SMEs).