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The job security afforded to several employees working on permanent and contractual basis at Media House giant Mediamax Networks Limited will be cancelled from October this year owing to tough economic conditions.
In a memo addressed to its employees by acting Chief executive Ken Ngaruiya, the new move will target several personnel in key positions across all departments.
“In line with its current HR policies, Mediamax Network Limited shall give the employees declared redundant one month’s notice or alternatively pay one month’s salary in lieu of notice and pay a severance at the rate of 15 days’ pay for each year of service,” reads in part the memo shared Monday morning.
This comes weeks after the Media House giant sent home its top employees aged 60years and above in a new retirement policy. Mediamax Network Ltd’s new retirement policy, which has seen several staffers leave, including at least two senior editors. The policy targets those aged 60 and above.
The media house, like most industries has been hit by government cuts on expenditure, especially advertising.
About 20 people were affected in the new retirement policy by the media house, 13 of them in the print division. Among those affected are People Daily Quality and Training Editor Chris Odwesso, a former Kenya Times Managing Editor, and the paper’s chief photographic editor Hudson Wainaina, formerly of The Standard