Moi University set to lay off staff, cites financial constraints
Moi University set to lay off staff, cites financial constraints
In a memo on Monday, July 4, Vice Chancellor Prof. Isaac Kosgey noted that the tertiary institution has been struggling to stay afloat and is unable to sustain its growing wage bill.
The number of staff set to be laid off has however not been stated.
Moi University has announced that they are considering a laying off a number of its staff following financial constraints that have been affecting the institution for years.
In a memo on Monday, July 4, Vice Chancellor Prof. Isaac Kosgey noted that the tertiary institution has been struggling to stay afloat and is unable to sustain its growing wage bill.
Prof Kosgey stated that the wage bill has been increasing and taking up the majority of the University’s resources.
“As you are aware, the university has been facing difficulties in meeting its wage bill obligations. Over the years, the university wage bill has been increasing, currently taking up over 70 percent of the capitation from the exchequer,” wrote Kosgey.
“This is therefore to notify you of the impending redundancy of staff due to the continued strain by the university to fully fund its wage bill and to align the human resource to the existing workload.”
Prof Kosgey further noted that the institution will consider the right sizing of its human resource to ensure sustainability of the university and its operations. The number of staff set to be laid off has however not been stated.
Last year, the university admitted that it was insolvent with a debt which had accumulated to more than Ksh 4.5 billion.
The Auditor General’s report of 2020 indicated that the university’s revenue for the year ended June 2020 was Sh7.8 billion against an expenditure of Ksh 8.3 billion, therefore recording a deficit of Ksh.504 million
By Cyrus Sholim For Citizen Digital
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