Harsh economic conditions are throwing businesses and employers to the smithereens, and G4S Kenya Limited is not spared. For the 400 G4S Kenya employees who will be let go by April 2025, it is a devastating blow. This means that hundreds of livelihoods are about to be affected.
G4S Kenya Limited is citing harsh economic conditions in the country, which have occasioned the reduction in revenue, even as the operational costs continue to spike—likely due to the overtaxation by the government preventing businesses from thriving.
“Due to the ongoing reduction in business trading occasioned by the effects of the harsh economic challenges that have occasioned a reduction in revenue and high costs of running our businesses. We regret to advise the Ministry of Labour and Social Protection of the organization’s intentions to declare several positions redundant.” G4S Kenya Limited
“The redundancy exercise is likely to affect approximately four hundred (400) employees based in various locations in Kenya in both categories of management and unionsable cadres between 04 November 2024 and April 2025.”
G4S Kenya Limited is now among the many companies that have laid off thousands due to the harsh economic environment occasioned by overtaxation by the current regime. Tens of businesses have either closed down since last or moved to the other neighboring countries provinding favorable environments for business operations.
The company has, however, said that it “remains committed to the Kenyan Market,” despite the redundancy declaration, and would consider “solutions that will secure employment for their employees whilst sustaining positive business performance.”
