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Mass Layoffs as CMC Motors Shuts Down in Kenya After 40 Years

CMC Motors, a prominent vehicle dealer in Kenya, has announced its closure after 40 years of operation, leading to significant layoffs. The company, which was established in 1978, has been a key player in the Kenyan automotive market, dealing in both new and used vehicles. The decision to shut down was influenced by various factors including economic challenges, shifts in market dynamics, and possibly the impact of global supply chain issues. This closure has resulted in the termination of employment for many workers, affecting not only the employees but also the broader economy where CMC Motors had a substantial presence. The article highlights the ripple effects of such a closure on the local economy, the automotive industry, and the livelihoods of those directly and indirectly associated with the company.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/general/mass-layoffs-as-cmc-motors-shuts-down-in-kenya-after-40-years/ar-AA1xmbDf ]