This archive report was first published on 24 October 2019.
Thursday, October 24, 2019, Bayer East Africa announced plans to lay off staff following its acquisition of Monsanto last year.
The company's managing director, Laurent Perrier, revealed that some employees will have to be sent home as their positions are declared redundant.
Mr. Perrier, however, did not reveal the number of employees to be affected by the redundancy.
"Job cuts are expected when two firms come together. I will not say there will be no job cuts, this is not true," said Mr. Perrier in an interview last week.
"The idea is not to cut jobs for the sake of it, we cut when there is redundancy in positions," he added.
Bayer East Africa joins companies that have recently been cutting staff following hard times in the economy.
According to reports, four companies announced nearly 1,700 job cuts in just about three weeks in August, shinning a spotlight on the worsening unemployment crisis in the country.
The Competition Authority of Kenya (CAK) approved the buyout of Monsanto Kenya by Bayer's investment vehicle Bayer Aktiengesellscharl KWA Investment Company last year through a gazette notice.
Comesa Competition Commission (CCC) also approved the merger after finding out that it was not likely to lessen competition in the region.
