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Page 2 - கூட்டமைப்பு ஆஃப் கேந்ய முதலாளிகள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Laid-off workers to get jobless pay for 6 months

Laid-off workers to get jobless pay for 6 months Summary The Ministry of Labour says workers will be required to contribute to the yet-to-be-formed Unemployment Insurance Fund (UIF). Employees will contribute one percent of their pay that will be matched by employers towards the fund that aims at generating at least Sh45 billion annually. The monthly stipend will be offered for six months in a period when the State hopes workers affected by job cuts would have tapped new work or entered business. Friday July 16 2021 By CONSTANT MUNDA Summary The Ministry of Labour says workers will be required to contribute to the yet-to-be-formed Unemployment Insurance Fund (UIF).

Higher freight, input costs dampen recovery of jobs in manufacturing sector

Higher freight, input costs dampen recovery of jobs in manufacturing sector Summary Firms polled by advisory firm KPMG and the Kenya Association of Manufacturers (KAM) primarily point to higher freight charges, cost of raw materials and the weaker shilling as the reasons for the higher costs. More of them (23 percent) have, therefore, laid off staff this year compared to last year (18 percent), highlighting the difficulties that remain in Kenya’s ongoing efforts to climb out of the Covid-19 economic hole. The joint survey is a follow-up on another one done last year when the pandemic first hit Kenya, which sought to find out the impact the pandemic had on business operations in the manufacturing sector.

Payroll taxes dip Sh37bn on Covid layoffs, salary cuts

Payroll taxes dip Sh37bn on Covid layoffs, salary cuts Summary Payroll taxes fell an estimated Sh37.13 billion in the financial year ended June 2021, reflecting the impact of Covid-induced layoffs and pay cuts on a tough labour market. The Kenya Revenue Authority (KRA) has reported a 9.3 percent drop in Pay As You Earn (PAYE) tax receipts in the review period compared to a year earlier when the taxes amounted to Sh399.20 billion. The taxman has blamed the drop from Sh399.20 billion to an estimated Sh362.08 billion on the impact of the pandemic on private sector jobs. Tuesday July 06 2021 By CONSTANT MUNDA

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