Standard Centre Mombasa Road [Photo/CapitalFM]
The Standard Group has issued a memo to its permanent staff asking them to utilize any pending leave days before the end of the year.
According to the memo issued by Group Head of Human Resources Nicholas Siwatom, several staff members have accumulated many leave days.
“It has been noted that leave outstanding is accumulating and the company is carrying a heavy leave burden. It is important and healthy to take time off from work to take your leave and we approach the end of the year you are advised to plan with your manager/ supervisor your leave to ensure that you clear your pending leave or carry forward at least 5 days,” the memo reads in short.
This follows reports of a 25 per cent (Sh67.4 million) drop in profits this year compared to last year by the media house which was linked to the political uncertainty surrounding the country.
“The Board of Directors anticipates that the financial results for the year ended 31st December 2017 will be materially affected by the prevailing adverse market conditions in the second half of the year compared to the same period in the year 2016,” a notice released by the media house read in part.
With the election period about to come to an end there have also been reports that the company plans to axe several employees in an effort to cut its wage bill.
However, acting CEO Orlando Lyomu is optimistic that the developing strategic plans will help the company recover from this years setbacks.