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Tyre Distributor Sameer Africa To Lay Off 52 Employees As From February.

Jakowiti by Jakowiti
January 10, 2020
in Business News
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By Jakowiti Atwech 

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YANA Tyres offices: PHOTO/FILR

Tyre distributor Sameer Africa will from February 1st 2020 lay off 52 employees as it struggles to survive in the corporate scene.

Plans by the firm to change strategy in 2016 when it stopped local manufacturing of its key tyre brand Yana and opted to outsource to Asia did not bear fruit.

Sameer now intends to close various tyre centres and offices across Kenya and release employees in batches between February 1 and end of April.

  • “Arising from the foregoing, the board of directors has resolved to restructure the company further by aligning the company operations to become more of a trading and distributorship outfit,” acting managing director Peter Gitonga said in a notice to Nairobi County labour office.
YANA tyres production line: PHOTO/FILE

Sameer group head count has been declining in the recent years, shrinking by 120 from 288 staff in 2017 to 168 at the end of 2018.

Sameer widened its net loss 15.8 times to Sh182.8 million in the first six months of 2019, with stock-outs and counterfeit products complicating its recovery effort.

Tags: EconomyLayoffs
Jakowiti

Jakowiti

Jakowiti serves as the Managing Editor of Kisasa News, steering the publication's editorial vision, content strategy, and team operations to ensure the delivery of accurate, timely, and compelling news. With a passion for storytelling and a steadfast commitment to journalistic integrity, Jakowiti focuses on crafting impactful narratives that resonate with readers. Holding a background in electronic engineering with a specialization in industrial solar energy, Jakowiti brings a unique perspective to coverage of technology, sustainability, and innovation. Beyond the newsroom, Jakowiti actively engages with the community, shares expertise, and advocates for forward-thinking solutions to pressing societal challenges. Stay informed with Kisasa News — where stories come alive.

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