PHOTO CAPTION: Wayne Hennessy Barrett, CEO and Founder of 4G Capital Limited Days after they were rudely and unfairly sacked, disgruntled ex-staffers at wazungu-owned Fourth Generation (4G) Capital Limited have declared their intention to instigate legal charges against the Nairobi headquartered fintech firm that is notorious for using and dumping members of its workforce.
The group has already written a letter to the top 4G Capital executives, who have until 18th November to reply, failure to which the case will officially commence.
In our previous publications concerning the company which operates like a shylock, current and former employees lamented toxic working conditions where employees are constantly put under trial and dismissed on flimsy grounds.
Those who survive the skewed disciplinary process are ousted through other mischievous means like irregular layoffs disguised as redundancies.
An internal memo which we got in our possession last week showed that the company randomly sent away more employees, without providing any prior information about such a monumental decision.
According to the notice of redundancy dated 31st October 2022, the company cited “dismal performance of the business” for the latest layoffs set to affect dozens of families. “The company has explored ways in which this could be avoided, and the possibility of alternative employment. Unfortunately, we have not been able to identify any suitable alternative employment for you or any way in which your redundancy could be avoided,” the letter noted in part.
Up to 60 employees received the notice of redundancy.
But if their side of the story is anything to go by, there is certainly more than meets the eye in this fiasco.
They sniff a great deal of mischief in the termination of their contracts, and as a result, have decided to take their fight for justice to the courts.
One source who spoke to us sadly narrated how he was sent away in the name of redundancy, just six months after completing his probation period where he brought them millions in profits. “They employed me back in September 2021, went through a 6 months probation period, they confirmed me in March 2022. Barely two weeks after confirmation, they accused me of certain allegations and after the disciplinary process, they found out that the allegations levelled against me were baseless and thus they requested me to resume my work. After a week, they ordered a department structure which they sent me home for redundancy reasons. I went further and engaged an advocate and they were ordered to pay me a certain amount of money, they declined to acknowledge the letter from my advocate and I am now taking them to court. I brought them over Sh100milion business in barely 8 months,” he wrote to us.
https://nyakundireport.com/toxic-working-environment-at-wazungu-owned-4g-capital-limited/
The firm began its operations in Kenya in 2013 by providing financial literacy training blended with unsecured working capital credit.
It has since grown exponentially, lending over 750,000 loans valued at $90m, but still treats its hardworking employees like trash.
This alarming turnover rate tells it all.
The toxicity is suffocating and must be brought to an end.
As we have pledged before, this blog will keep highlighting the plight of these oppressed Kenyans, who have found a safe solace on this platform.
We shall not stop amplifying their suppressed calls for help.