Radio Africa group percent numerals employees home over redundancy. The media house that was among them KISS 100 FM capital FM kisstv the Star newspaper in a statement to his employees said that in the last four years the media industry in Kenya and worldwide has undergone radical changes adding that many mediums are struggling to maintain revenue through the traditional print and broadcast models some have closed down operations re-positional restructure operations the main source of revenue for Media houses that were ties in which due to evolution of digital and adverse economic circumstances in a reduction in total client spend most significantly over the past two years they added that the advertising space has dropped by over 30% in some key Media segment.
The statement further reads that we have five months into our new financial year and we continue to experience that downward pressure on Total revenue. this now requires a friend’s restructuring of our business which may include the organisation of job position job roles as well as operational and divisional structures in the company. The statement written by group chief executive officer Patrick further reveals that in accordance with the provision of section 40 of the employee act number 11 of 2007 radio Africa limited hereby gives one month notice to the intended redundancies. In conclusion the chief executive officer says that in line with the current HR handbook radio Africa Ltd shall give the employees declared redundant 1 months notice or alternatively pay one month salary in lieu of notice and severance pay at the rate of 15 day’s pay for each year of service father the affected employees will be paid up to and including the date of termination or statutory dues.