Hundreds of employees could lose their jobs after Würth Kenya Limited, a multinational firm known for supplying fastening and assembly materials, announced plans to shut down its operations in Kenya after almost three decades in the market.
In a notice issued on Tuesday, March 10, the company said the decision was part of a wider restructuring strategy being undertaken by the global Würth Group.
“We regret to inform you that Würth Kenya will be ceasing its operations and formally closing its business. This decision follows extensive internal review and forms part of a broader strategic restructuring of the Würth Group’s global operations,” the statement read in part.
The company advised customers and business partners with ongoing transactions to contact its offices so that outstanding matters can be concluded in an orderly manner.
Würth Kenya employs nearly 500 people, all of whom now face uncertainty following the announcement. However, the company did not provide details regarding the future of its workforce in Kenya.
The closure is expected to significantly affect employees working for the industrial supplies firm as it gradually winds down operations.
Despite the decision to exit the market, the company indicated that it will continue operating normally until the end of May. During this period, it plans to settle pending obligations and ensure a smooth transition for customers and partners.
Würth Kenya stated that all existing orders, accounts, and engagements will continue to be handled during the transition period. Clients with ongoing transactions have been encouraged to coordinate with the company’s team to finalize any outstanding arrangements.
The company also assured stakeholders that the shutdown process would be handled professionally and in compliance with all relevant legal and commercial requirements.
Founded in Germany, Würth Group is a global supplier of fastening and assembly materials serving sectors such as automotive, construction, engineering, and manufacturing.
The multinational operates in more than 80 countries worldwide, providing tools, fasteners, and assembly solutions used in industries ranging from vehicle manufacturing and automotive repair to construction and industrial production.
The announcement comes at a time when several companies in Kenya are also being deregistered following administrative reviews by the Registrar of Companies (Kenya), effectively ending their legal status as corporate entities.
In a recent gazette notice, the registrar removed more than 50 companies from the register, a move that could also result in significant job losses.