Kenya Airways to Cut Jobs as Part of Turnaround Strategy
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Kenya Airways Ltd., which last year reported the biggest corporate loss in Kenyan history, is in the early stages of implementing a turnaround strategy that will involve cutting jobs and selling some aircraft, Chief Executive Office Mbuvi Ngunze said.
The plan, developed by McKinsey & Co., will be implemented over the next 18 months, Ngunze said in an e-mailed response to questions in the capital, Nairobi, on Tuesday.