Tuskys supermarket chain immerses into deep woes as angry senior staff take away and divides the supermarket's cash and inventory in place of unpaid salaries.
As supermarket administration battles to end the aggrieved creditors, unpaid branch managers and support staff have opted to ‘pay themselves’ from daily sales proceeds alongside inventory.
For instance, Tuskys chief cashiers at Greenspan, Kenyatta Avenue, Matasia, T-Mall, Imara, Ongata Rongai and Eldoret have resigned while taking with them cash from daily sales.
Some accountants and cashiers have done the same. Tuskys has been hitting the dead wall with creditors continue pushing for their pay.
In a resignation letter written to the management, a cash attendant at one of the retailer’s stores in Eldoret resigned while taking with her cash from the supermarket’s till.
“I have just decided to reduce my unpaid salary and paid myself ninety thousand shillings. In case anyone has an issue, kindly deduct this from my salary,” read part of the resignation letter written on November 1 and addressed to the company’s Human Resource office.
The latest developments come as Tuskys managers host a recent round of fire-fighting meetings with its creditors ahead of a significant High Court ruling on November 17, 2020.
The retailer is looking to fix the creditors to a suggested turnaround plan which is fastened on the capture of a Ksh.2.1 billion debt facility from an unnamed Mauritius based private fund.
The set of meetings commenced on Wednesday with the retailer’s managers meetings its partners in the fast-moving consumer goods (FMCG) category.
The series of meetings is expected to continue from Saturday.
Tuskys will be seeking to switch distressed creditors to its turnaround plan and will hope to slam brakes on two wind up petitions filed at the High Court Commercial division by Syndicate Agencies Limited and Hot Point Appliances Limited.
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