Nairobi, March 27 -- Thousands of workers are staring at job losses as the government mulls merging or winding up at least 140 parastatals performing similar functions or draining public coffers by perennially being in the red.

Top of the list of the looming massive job cuts will be chief executive officers, board chairpersons and members, as well as excess staff in the targeted agencies.

On Tuesday, the Nation reliably established that 26 State corporations are financially dead and have been making losses in the last five financial years.

Although the list by the Treasury is yet to be made public, ministries under which the affected agencies are domiciled have been notified, according to insider sources within the presidency.

The rad...