South-African retailer
The Company and the
On
Decision to close all Kenyan units arose from tough economic challenges.
"The parties have reached agreement regarding termination of employment as well as the terminal benefits payable to all of the associates who are members of the Union as a result of the redundancy," the workers union as well as Game Stores agreed in a letter signed by each representative.
Some of the approved areas include store closure, termination date and ongoing liquidation process as well as terminal benefits.
Agreement document seen by Capital Business reveals that termination will be effected on
"The parties agree that from the date of signature of this agreement to the Closure Date, the associates will continue to use their best endeavours to assist the Company in successfully reducing stock in accordance with the ongoing stock reduction process."
On terminal benefits, associates who have worked with the company for less than five-years will receive a one-month pay notice while those with more two-months.
"The Company will pay associates a one off payment of Sh35,000 (thirty-five thousand
In October,
Last year, the retailer announced plans to sell three stores in
It also initiated exit plans in
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