1700 Employees to Lose Jobs by Christmas at Finlays Flower Company

By Virginia Mwangi / October 22, 2019 | 9:33 am



Finlays

Finlays, a multinational flower company is the latest firm to announce its plans to lay off its workers in a scary growing trend that has seen major businesses in the country close shop and send home all the employees.

James Finlay, the company founder, announced that1, 700 workers would lose their jobs when the Company closes down farms in December 25th 2019 saying high labor costs and poor prices were making it impossible to run the Company.

Finlays, in a statement sent to media houses, said that it would close two farms; Chemirei and Tarakwet, by 25th December 2019 saying there has been an oversupply of flowers in the European markets and the demand has marginally declined.

Among the flowers Finlays says has lost demand in the International market despite initially fetching good prices is rose flowers Finlays, in its statement, noted that the weakening exchange rates had greatly contributed to its move to close the company.

“As a result of this and other challenges, extreme weather conditions and high labor costs, the directors of James Finlay have made the decision to close the Chemirei and Tarakwet farms earlier than initially communicated,” says the presser signed by general manager Stephen Scott.

“Employees seconded to Murara plants limited shall also be affected by this change, junior and senior management who are leaving the business will be communicated to on a one to one basis,” the presser read.

The Finlays Company had earlier scheduled to close in 2020 but reported that it was losing a lot of money in maintaining the employees and which was no longer sustainable according to the presser.

Finlays had already relieved some of its employees but at the end of the process, all the 1,700 employees will have been declared redundant. Companies that have already sent home their employees and closed shop include: Betin, Telkom, SportPesa, Stanbic and the East Africa Portland Cement are among the companies which have recently rendered their workers redundant.





More Articles From This Author







Trending Stories










Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE



ARCHIVES

2019
  • January 2019 (256)
  • February 2019 (216)
  • March 2019 (285)
  • April 2019 (254)
  • May 2019 (272)
  • June 2019 (251)
  • July 2019 (339)
  • August 2019 (293)
  • September 2019 (306)
  • October 2019 (314)
  • November 2019 (214)
  • 2018
  • January 2018 (291)
  • February 2018 (219)
  • March 2018 (278)
  • April 2018 (225)
  • May 2018 (238)
  • June 2018 (178)
  • July 2018 (257)
  • August 2018 (249)
  • September 2018 (256)
  • October 2018 (287)
  • November 2018 (284)
  • December 2018 (187)
  • 2017
  • January 2017 (183)
  • February 2017 (195)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (205)
  • July 2017 (190)
  • August 2017 (195)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (165)
  • February 2016 (165)
  • March 2016 (190)
  • April 2016 (143)
  • May 2016 (245)
  • June 2016 (182)
  • July 2016 (271)
  • August 2016 (248)
  • September 2016 (234)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (166)
  • April 2015 (108)
  • May 2015 (116)
  • June 2015 (120)
  • July 2015 (148)
  • August 2015 (157)
  • September 2015 (188)
  • October 2015 (169)
  • November 2015 (174)
  • December 2015 (207)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950