The Standard Group PLC has issued a notice of intention to declare redundancy, affecting over 300 employees across various departments. The media giant attributed this decision to a challenging operating environment characterised by shifting trends in media consumption and the impact of technological advancements on the digital media landscape. Pulse Live KenyaThe Standard Group has pledged to compensate affected employees with payment for days worked, severance pay, notice pay, accrued leave pay, and pension dues or gratuity. ADVERTISEMENTOn July 4, radio presenters at Standard Media Group downed their tools in protest against delayed salaries. ADVERTISEMENTThis comes after the media house reported a Sh1.26 billion loss for the year ended December 2023.

Source: Standard Digital July 31, 2024 15:50 UTC