G4S Kenya to lay off 400 employees nationwide as revenue pressures mount

G4S Kenya, a leading security solutions provider, has announced plans to lay off approximately 400 employees across various locations in the country.

The decision, announced in a letter to the Ministry of Labour and Social Protection on November 4, 2024, is attributed to the ongoing economic challenges that have impacted the company's business trading.

“Due to the ongoing reduction in business trading occasioned by the effects of the harsh economic challenges that have occasioned to reduction in revenue and high costs of running our business, we regret to advise the Ministry of Labour and Social Protection of the organization’s intentions to declare several positions redundant,” the letter reads.

The redundancy exercise is expected to affect both management and unionizable cadres and will take place between November 4, 2024, and April 2025.

In a statement, G4S Kenya expressed its commitment to the Kenyan market and assured the Ministry of Labour and Social Protection that it will adhere to all legal requirements during the redundancy process.

The company also stated its intention to implement solutions to secure employment for some employees while maintaining positive business performance.

“G4S Kenya Limited remains fully committed to the Kenyan Market. We have every intention of implementing solutions that will secure employment for our employees whilst sustaining positive business performance,” the company said.

The announcement comes as Kenya grapples with a challenging economic environment marked by high inflation and rising interest rates.

These factors have impacted businesses across various sectors, leading to job cuts and business closures.

G4S Kenya's decision to lay off hundreds of employees is a significant development and highlights the impact of the current economic situation on the Kenyan job market.