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why is RAO interfering with a listed company yet he is not a share holder
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digitek1
#41 Posted : Monday, September 03, 2012 11:35:17 AM
Rank: Veteran

Joined: 2/3/2010
Posts: 1,797
Location: Kenya
Am with PM on this one. Kq should call the workers to the negotiating table, may be even propose a pay cut. also they should clarify why they are top heavy with expats
Like it or not KQ is a strategic national asset and pm has all the rights to question their impact.
I may be wrong..but then I could be right
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MKWASI
#42 Posted : Monday, September 03, 2012 12:10:28 PM
Rank: Member

Joined: 4/20/2012
Posts: 888
While I sympathise with those being axed, Populist statements, Road side declarations won't help this country. The best way to tackle this is to fix our economy to ensure we create employment.
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King G
#43 Posted : Monday, September 03, 2012 12:29:45 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
How come he is only addressing the KQ issues whereas there are myrad of other wasteful parastatals including KAA, KPLC, KENGEN NPCBA et all.

Retrenchment for KQ was also long over due. some of the cabin crew are past their live by date within the airline industry - you can get younger and cheaper staff. That is no way out and Naikuni is on the right truck.

Thieves
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2012
#44 Posted : Monday, September 03, 2012 12:41:20 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
King G wrote:
How come he is only addressing the KQ issues whereas there are myrad of other wasteful parastatals including KAA, KPLC, KENGEN NPCBA et all.


I'm also surprised he's been mum on NHIF.
But I agree, he should not interfere with the running of KQ. The employees should use legal means.

BBI will solve it :)
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MaichBlack
#45 Posted : Monday, September 03, 2012 12:49:02 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,913
digitek1 wrote:
Am with PM on this one. Kq should call the workers to the negotiating table, may be even propose a pay cut. also they should clarify why they are top heavy with expats
Like it or not KQ is a strategic national asset and pm has all the rights to question their impact.

What are you smoking??? The government sells the company to us and it is still a "national asset"? GOK is a shareholder owning less than 1/3 of the company!

The PM is asking the right questions as who? We have structures and institutions for a good reason! This populist political interference can cripple the economy!

Ati KQ should call the workers bla bla bla. KQ has a board and a management team. They discuss and decide on the best way forward. They should not consult you or the PM unless it is in your/his capacity as a shareholder and if there is voting to be done it's done proportional to your/his shareholding. Hapana leta communism and emotions to the running of a publicly listed company in a capitalist country!

See what Mugabe has done to Zimbabwe!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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sunbrowny
#46 Posted : Monday, September 03, 2012 12:55:06 PM
Rank: New-farer

Joined: 8/28/2012
Posts: 4
When you mix politics and business the result is not going to benefit the shareholder. In a free market economy (Kenya is NOT) this would not be tolerated.

Perhaps the PM should address legislation on worker rights or redundancy laws. Random acts of promising things to the public in an election period are not helping anybody!
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King G
#47 Posted : Monday, September 03, 2012 1:15:46 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
[quote=sunbrowny]
Perhaps the PM should address legislation on worker rights or redundancy laws. /quote]


You have got it spot on. The PM should be interested in pushing for legislation that make it hard to carry out retrenchment and when it happens, then the minimum compensation levels should be higher that what exists in law at the moment; a paltry 1 months salary in lieu of notice and 15 days for every year of completed service.

That is the way to go and protect workers - amend the law.

Thieves
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Lucid_Iam
#48 Posted : Monday, September 03, 2012 1:33:42 PM
Rank: Member

Joined: 9/30/2011
Posts: 483
tassia wrote:
Lucid_Iam wrote:
This are warning signs, don't say you were never told.


It's always good to make this conclusion based on facts. Where is the link about Olympia Capital?

I wasn't referring to Olympia.
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sparkly
#49 Posted : Monday, September 03, 2012 2:06:08 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
King G wrote:
[quote=sunbrowny]
Perhaps the PM should address legislation on worker rights or redundancy laws. /quote]


You have got it spot on. The PM should be interested in pushing for legislation that make it hard to carry out retrenchment and when it happens, then the minimum compensation levels should be higher that what exists in law at the moment; a paltry 1 months salary in lieu of notice and 15 days for every year of completed service.

That is the way to go and protect workers - amend the law.



I concur. someone tell the PM this please.
Life is short. Live passionately.
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MKWASI
#50 Posted : Monday, September 03, 2012 2:18:22 PM
Rank: Member

Joined: 4/20/2012
Posts: 888


[/quote]

I concur. someone tell the PM this please. [/quote]

The language may be difficult. It needs to be put in parables...
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