Dozens sacked as Britam Holding restructures over hard economic times in Kenya

 

Britam Holdings PLC Boards announces a new organisational structure that will result in a more aggressive, efficient and customer-oriented firm.


The new structure will equip the organisation for improved digital innovation in its solutions and product development.


The reorganisation is anticipated to lead to a thinner executive team with fewer reporting tiers that will support the company’s growth in an increasingly competitive business environment.

The move will also help reduce corporate and shared service costs, reduce unnecessary additions and put the customer at the centre of the business.

The reorganisation is the result of a business strategy review spearheaded by the Board, for the period 2021- 2025.

Britam also benchmarked and created its coveted service levels against the most profitable firms globally and in the region.


Some roles will be eliminated hence retrenchment will be imminent.

Employees in the affected roles and positions are required to exit the business under a Voluntary Early Retirement program.

Exiting employees will receive an attractive package that is well above the industry average.


The restructuring matter is expected to settle at the end of May 2021.