Standard Group PLC, which owns KTN News and Radio Maisha, is preparing for another round of staff layoffs, barely months after the struggling media stable sent journalists packing. Following the latest development, this will mark the second time in 2023 that the media company has resorted to employee layoffs, with the previous round in March resulting in the termination of employment for tens of journalists. Standard Media Group Acting Chief Executive Officer and Broadcast Managing Director Joe Munene. "This process has been necessitated by the need to restructure the business to adopt a leaner, more efficient structure," the Acting Chief Executive Officer stated. The Chief Executive Officer assured that all employees who will be declared redundant will be paid for days worked until the date of exit.

Source: Standard Digital September 02, 2023 21:08 UTC