The Standard Media Group has issued a statement regarding the State of affairs at the company after an uproar emerged over the non-payment of Journalists' salaries for at least 10 months.
This comes after the Kenya Union of Journalists raised concerns over delays in payment of salaries on Thursday.
The Standard Media Group owns The Standard Newspaper, KTN News, KTN Home, Spice FM, Radio Maisha, Spice FM, and Vybez Radio among other products.
The company is said to be having staff whose salary has not been paid for six months while other group workers like cameramen have not been paid for 10 months.
In a statement shared on its social media handle, the company acknowledged the existence of challenges in payment.
Read More
The company said it has been facing a harsh operating environment made worse by the current economic crisis facing the country.
"A key challenge for the business has been the significant outstanding debts (Pending bills) owed to the company and this has, regrettably, affected some of our operational timelines including the timely payment of staff salaries. The issue remains a top priority for the company and is being addressed accordingly," the Company stated in the statement.
The statement further added that the company is undertaking various initiatives, including a major cost reduction and efficiency enhancement drive as well as restructuring of the business to conform to the 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 stakeholders including, importantly, our staff."
