Sharp Daily
No Result
View All Result
Monday, June 16, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Standard Group addresses debts, salaries amid months-long pay crisis

Brian Murimi by Brian Murimi
November 9, 2023
in News
Reading Time: 2 mins read

Standard Group PLC attempted to reassure stakeholders Thursday despite Kenya’s economic crisis, saying in a press release it is staying focused on innovation and diversification to drive revenue.

But employees claim it’s been up to 10 months since they’ve been paid.

The prominent media company, which owns outlets like Standard Newspaper, KTN, KTN News, Radio Maisha, and others, said in the release its “highly professional staff have remained committed” amid challenges like significant outstanding debts owed to Standard Group.

“This issue remains a top priority for the company and is being addressed accordingly,” the release stated vaguely.

RELATEDPOSTS

KTN merges brands to offer unified news and entertainment experience

December 2, 2024

Over 300 face redundancy as Standard Group overhauls operations

July 31, 2024

Standard Group said it is undertaking initiatives like major cost reduction, efficiency improvements, and business restructuring “to conform to current economic realities.”

“We are making great strides in this regard and continue to walk the path of progress towards continued growth and service to the public and all our stakeholders, including, importantly, our staff,” the optimistic release stated.

Earlier Thursday, the Kenya Union of Journalists (KUJ) slammed Standard Group in a scathing statement for failing to pay salaries to employees for up to 10 months.

Photographers and correspondents have gone without pay for nearly a year, while some staff haven’t been paid in over 6 months, according to KUJ Secretary-General Erick Oduor.

“We have tried negotiations with management to find solutions, but regrettably, only unfulfilled promises were made. We are saying Enough is Enough!” Oduor said at a charged press conference Thursday morning.

KUJ warned of a potential country-wide media strike within 14 days if Standard Group fails to present a payment plan to immediately settle months of salary arrears owed to employees.

The union called the systematic nonpayment “illegal” and “immoral,” saying it threatens press freedom and the credibility of Kenya’s media industry at a crucial time when accurate, unbiased journalism is needed most.

KUJ urged Standard Group’s board of directors to “respect the rights of these workers and meet their end of the bargain so that their staff can live in dignity and meet their financial obligations.”

Previous Post

President William Ruto’s full state of the nation address

Next Post

Legacy media’s SOS: Why Kenyan established players face a digital dilemma

Brian Murimi

Brian Murimi

Brian Murimi is a journalist with major interests in covering tech, corporates, startups and business news. When he's not writing, you can find him gaming, watching football or sipping a nice cup of tea. Send tips via bireri@thesharpdaily.com

Related Posts

News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025

LATEST STORIES

Kenya’s tech startups, fueling a new era of digital wealth

June 16, 2025

Kenya’s youth-led entrepreneurship: A pathway to inclusive growth

June 16, 2025

Your First Investment should be an emergency fund with Cytonn Money Market Fund

June 16, 2025

Opinion: Flashy handouts not empowerment, we need real solutions.

June 16, 2025

Opinion: Our monetary gains must be matched with fiscal reforms

June 16, 2025

OPINION: Human rights must be at the top of Bottom up economic model

June 16, 2025

Opinion: Austerity wrong medicine for Kenya’s economy.

June 16, 2025

Innovation in finance: How Kenya’s financial sector is evolving

June 13, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024