{"id":14993,"date":"2020-09-26T19:35:35","date_gmt":"2020-09-26T19:35:35","guid":{"rendered":"https:\/\/www.africa-press.com\/kenya\/?p=14993"},"modified":"2020-09-26T19:35:35","modified_gmt":"2020-09-26T19:35:35","slug":"thousands-more-to-lose-jobs-employers-now-say","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/economy\/thousands-more-to-lose-jobs-employers-now-say","title":{"rendered":"Thousands more to lose jobs, employers now say"},"content":{"rendered":"<p><strong>Author:\u00a0WAINAINA WAMBU<\/strong><br \/>\n<strong>AfricaPress-Kenya:<\/strong> Employers are expected to lay off thousands of workers in the next six months after more than half of the firms in the private sector reported inability to meet staff costs in a new survey.<\/p>\n<p>The Federation of Kenya Employers said in the last five years, the private sector created more than 200,000 jobs but the\u00a0coronavirus pandemic has wiped out more than 80 per cent of those jobs between March and July.<\/p>\n<p>Releasing the survey findings on the impact of Covid-19 on enterprises, Federation of Kenya Employers Chief Executive Jacqueline Mugo said 84 per cent of companies reported adverse effects on their cashflows and over a million\u00a0jobs\u00a0were now at risk.<\/p>\n<p>\u201cThis situation shows that if the government does not intervene in helping enterprises in improving their cash flows, then more than a million formal sector workers are at risk of losing their current incomes on jobs,\u201d she said yesterday.<\/p>\n<p>According to FKE, the average number of employees in respondent companies reduced from 406 to 372 between March and July. This is 8.3 per cent reduction in the total number of employees.?<\/p>\n<p>This translates to a\u00a0loss of 173,743 jobs, in the formal private sector in the five months scope of the survey.<\/p>\n<p>\u201cConsider that the private sector wage employment as of 2019 stood at 2.06 million and grew by 2.3 per cent according to KNBS, this means that Covid-19 has led to the loss of 173,743 jobs in the formal private sector in the last five months,\u201d said Ms Mugo.<\/p>\n<p>\u201cThis is a big loss considering that for the last five years since 2015, only 218,800 jobs had been created in the private formal sector therefore, Covid-19 has wiped out 80 per cent of\u00a0jobs created\u00a0in the sector since 2015.\u201d<\/p>\n<p>She called for more relief measures for businesses such as a further reduction of corporate taxes, the removal of the one per cent revenue tax slated to start early next year and setting up of a Wage Support Fund for companies.<\/p>\n<p>\u201cBusinesses are in dire need of support to help them access and generate finances to help their cash flow. This includes linking loans repayment and credit facilities to cashflow projections,\u201d said Ms Mugo.<\/p>\n<p>The report shows that 51 per cent firms polled reported they were planning to cut staff costs in the next six months while 30 per cent were not planning to\u00a0reduce staff costs\u00a0while 19 per cent were not sure.<\/p>\n<p>This also means firms have frozen recruitment. \u201cMajority of organisations agreed that labour costs and employment entitlements like salary, wages, annual leave and 13th month salary were a constraint on their recruitment decisions,\u201d said the survey<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Author:\u00a0WAINAINA WAMBU AfricaPress-Kenya: Employers are expected to lay off thousands of workers in the next six months after more than half of the firms in the private sector reported inability to meet staff costs in a new survey. The Federation of Kenya Employers said in the last five years, the private sector created more than [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":14989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[939,1539,5824,479],"class_list":["post-14993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-coronavirus","tag-covid-19","tag-federation-of-kenya-employers","tag-jobs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Thousands more to lose jobs, employers now say - kenya<\/title>\n<meta name=\"description\" content=\"Employers are expected to lay off thousands of workers in the next six months after more than half of the firms in the private sector\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/economy\/thousands-more-to-lose-jobs-employers-now-say\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thousands more to lose jobs, employers now say\" \/>\n<meta property=\"og:description\" content=\"Employers are expected to lay off thousands of workers in the next six months after more than half of the firms in the private sector\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/economy\/thousands-more-to-lose-jobs-employers-now-say\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-26T19:35:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/09\/thousands_more_to_lo5f6e16f647d0a.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/thousands-more-to-lose-jobs-employers-now-say#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/thousands-more-to-lose-jobs-employers-now-say\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Thousands more to lose jobs, employers now say\",\"datePublished\":\"2020-09-26T19:35:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/thousands-more-to-lose-jobs-employers-now-say\"},\"wordCount\":438,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/thousands-more-to-lose-jobs-employers-now-say#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/09\/thousands_more_to_lo5f6e16f647d0a.jpg\",\"keywords\":[\"Coronavirus\",\"COVID-19\",\"Federation of Kenya Employers\",\"Jobs\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/thousands-more-to-lose-jobs-employers-now-say#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/thousands-more-to-lose-jobs-employers-now-say\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/economy\/thousands-more-to-lose-jobs-employers-now-say\",\"name\":\"Thousands more to lose jobs, employers now say - 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