Tens if not hundreds of journalists at Standard Media Group are set to lose their jobs.
This follows a move by the media house to downsize its workforce over business challenges.
“I wish is notify all members of staff of the Company’s intention to declare redundancy across various departments,” the media house said.
According to an internal memo by the Standard Media Group, the upcoming mass firing has been blamed on low business that characterized the year 2020 and 2021.
Shifting trends in media consumption occasioned by technological changes in the digital environment was also highlighted as the other cause of the looming firings.
“The Company will ensure the process and the selection criteria is fair and in compliance with the provisions of the Employment Act, 2007 and the Collective Bargain Agreement (“CBA”) for union employees,” the media house stated.
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It noted that all employees who will be declared redundant will be paid for days worked until the date of sacking. They will also get severance pay of 15 days (or as indicated in the CBA for employees who are members of the union for every completed year of service.
The affected workers will also be paid leave days accrued and not taken at the time of their sacking.
In addition, they will also be paid pension dues or gratuity in accordance with the Scheme Rules or Contract of Employment.