Kenyan cement firm offers early retirement

The East Africa Portland Cement Company (EAPCC) stand during an expo. In the year to June 2019, the company registered sales of $37.9 million from $48.9 million the year before, with revenues dropping by 46.2 per cent to $25.8 million from $48 million in 2018. FILE PHOTO | NMG

To avert total collapse, the East African Portland Cement Company (EAPCC) is offering voluntary early retirement for its 800 employees.

Less than year after a plan backfired to sack its employees by declaring all positions redundant, the company has asked staff to apply for voluntary early retirement.