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News EAPCC to cut workforce by September 2019

EAPCC to cut workforce by September 2019

Written by Global Cement staff 05 June 2019
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Kenya: The East African Portland Cement Company (EAPCC) plans to reduce its costs by making 220 workers redundant. It says it needs US$170m to return to profitability, according to the Business Daily newspaper. Other plans to reduce its debts include raising money through land sales and reducing its energy costs. It is considering selling over 2400 hectares of land in Athi River. It has already sold around 360 hectares to Kenya Railways for around US$50m.

The company currently has 821 contracted and permanent and pensionable employees. It intends to reduce its workforce by September 2019.

Last modified on 05 June 2019
Published in Global Cement News
Tagged under
  • Kenya
  • East African Portland Cement Company
  • East Africa Portland Cement
  • Staff
  • Redundancy
  • Debts
  • Kenya Railways
  • land
  • LafargeHolcim
  • GCW408
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