Top managers anticipated that the retrenchment would yield savings Sh1.3 billion a year. Updated Sat, July 9th 2016 at 00:00 GMT +3Kenya Airways dreamlinerKenya Airways Friday sacked 80 employees in one of the cost-cutting measures expected to yield Sh10 billion in savings a year. A three-month salary in lieu of notice was among the benefits paid out to the sacked workers, in addition to a severance package of 20-day pay for each completed year of service. About 500 more workers would be sent home in the ongoing redundancies following reduction of the airline’s fleet amid mounting losses. High operating costs tied to expensive fuel and a huge wage bill, have been blamed for the heavy losses.

Source: Standard Digital July 08, 2016 20:48 UTC