Nairobi — Espresso miller NKG Espresso Mills Restricted is shutting down its milling enterprise in Kenya after failing to safe a authorities license.
The closure follows the implementation of the Espresso Rules 2019 and the Capital Markets (Espresso Alternate) Rules 2020.
Gazetted in 2019, the Capital Markets (Espresso Alternate) Rules 2020 gave the Capital Markets Authority (CMA) the ability to license the espresso change and brokers.
Additionally, it launched the Direct Settlement System (DSS) to facilitate fee between espresso brokers and farmers after the expiration of the outdated regulation.
Already, the miller has despatched redundant letters to a number of the workers whose posts will now not be required.
“On this ongoing modifications, there’s a potential/risk of sure posts inside the firm’s employees institution changing into redundant,” the agency’s Regional Head of HR, Hellen Akumu, mentioned in a letter seen by Capital Enterprise.
“Your place can be affected by these modifications and this letter serves as official discover of meant redundancy in accordance with Part 40 of the Employment Act 2007, Legal guidelines of Keren.”
Nevertheless, the miller mentioned that it’ll conduct consultative conferences inside the months of January and February this 12 months earlier than making last plans, together with redudancies.
“While exploring various avenues throughout consultations, we want to notify you the meant redundancy, if no various is discovered and the redundancy confirmed, as per present legal guidelines, can be efficient from twenty ninth February 2024, (if confirmed),” it added.
