Simba Corp Group executive chairman Adil Popat (left) and group chief executive officer Dinesh Kotecha at a past event.
Simba Corp announced it will restructure its operations citing need to reduce costs and improve service delivery.
“We are restructuring our business processes to enhance efficiency in our operations, reducing costs and improving service delivery to our customers.” Simba Corp CEO Dinesh Kotecha said in a statement.
The statement further reveals that the restructuring process will affect less than 5% of its workforce.
“We would like to state that we anticipate less than five per cent of our group workforce will be affected by this restructuring process. The restructuring stems from prevailing economic market conditions in our market and industry than any other factors.” Dinesh continued.
Simba Corporation has been in Kenya for over 50 years. The company offers motor vehicles sales, hospitality, power systems, and vehicle financing.
According to the CEO, the restructuring has been driven more by the prevailing economic conditions in the market and industry than any other factors.
This move comes a year after the firm lost the BMW franchise to London-based Inchcape Plc and just a few months after it moved to court in a bid to retain its Renault business. See how we've covered unemployment news For all the stories click this here LOL: Uhuru Na Kazi! Documenting Unemployment: The Pain of Joblessness – Part 8 of 10 Documented: Unemployment Crisis In Kenya See Companies Restructure Or Close Down – Part 1 of 10