Kenyan multi-millionaire Steel and cement tycoon Narendra Raval’s National Cement has allegedly been terminating employee contracts on flimsy grounds while the Kenyan business tycoon makes media tours announcing his fight against Coronavirus.
The businessman who is the chairman of Devki Group recently allegedly donated Sh100 million worth of oxygen to all government hospitals in the country but his company can’t afford to pay employees
National Cement acquired ARM’s Kenya assets on 14th October 2019 and just recently completed the acquisition by paying KSh5 billion to ARM’s administrators, Price Waterhouse Coopers (PwC). Henceforth, all Kenyan assets of ARM Cement belong to the National Cement Company including employees.
However, Raval’s board gave the employees 6 months probation period from 1st November 2019 and even before the 6 months period was over, the company has now sent out a letter of termination of the probation contract.
“This is to inform you that we are restructuring all the departments and many positions have been scrapped in this process. Your position is also scrapped with effect from April 9, 2020.” A letter to one of the probation employee reads. “We are thus terminating your probation contract with effect from April 9, 2020.”
“We are still awaiting our final dues which we don’t know whether it will be pegged on redundancy or normal termination.” Another employee who suffered the same fate told the KenyanBulletin.
With heavy PR in the Covid-19 frontlines, Mr. Raval’s contributions are directed to the State’s COVID-19 Emergency Fund while his company can not pay employees and his backyard is a hub for unemployment.
