Every company, and mostly, foreign companies are exiting Kenyan market and leaving collapsed Kenyan firms paralyzed and millions of Kenyans jobless.
Multinational flower firm Finlays has issued a statement that it will permanently close its two farms by December 25 due to the increasing cost of doing business. Jubilee is still busy taking bribes and loans. Zero austerity measure with increased appetite in borrowing. Such useless pigs at the whelm of our country’s development.
In a statement by General Manager Stephen Scott dated October 18 and seen by Kenyan bulletin, Scot says that the Finlays has reached the decision asserting that rose prices are subsiding due to oversupply in the European market, decreasing demand and heavy production taxes Kenyan government has impossed.
Scot also added that weakening exchange rates is also another reasons why the farms are being closed.
“It is no secret that in the last 18 months, the flower industry has been facing severe challenges… As a result, the directors have made the decision to close Chemirei and Tarakwet farms earlier than initially communicated. The final closure date will now be December 25,” the statement reads.
Scott amplified the sad fact that employees who are currently employed at Murara, a 70 hectares inside the vast James Finlays’ tea plantations in Kericho, will be see their contracts terminated.
“All employees will be made redundant in accordance with the labour laws, existing Collective Bargaining Agreement, their specific terms of service and will be paid their final dues in full.”
Last year, Rift Valley political elites, and the Kenya Plantation and Agricultural Workers Union KPAWU had sued the flower department of Finlays over pay and compensation of employees.
KPAWU stated in their pettition that Finalys farm workers have suffered health complications as a result of the chemicals used in the flower farms.
