wazua Sat, Jan 3, 2026
Welcome Guest Search | Active Topics | Log In

6 Pages<12345>»
why is RAO interfering with a listed company yet he is not a share holder
Options
Previous Topic · Next Topic
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
Back to top
 Report Abusive | Report SPAM
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.
Back to top
 Report Abusive | Report SPAM
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
Back to top
 Report Abusive | Report SPAM
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 :)
Back to top
 Report Abusive | Report SPAM
MaichBlack
#45 Posted : Monday, September 03, 2012 12:49:02 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,703
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.
Back to top
 Report Abusive | Report SPAM
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!
Back to top
 Report Abusive | Report SPAM
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
Back to top
 Report Abusive | Report SPAM
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.
Back to top
 Report Abusive | Report SPAM
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.
Back to top
 Report Abusive | Report SPAM
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...
Back to top
 Report Abusive | Report SPAM
King G
#51 Posted : Monday, September 03, 2012 3:19:00 PM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
MKWASI wrote:




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

The language may be difficult. It needs to be put in parables...[/quote]

Ama kitadawili?
Thieves
Back to top
 Report Abusive | Report SPAM
mukiha
#52 Posted : Monday, September 03, 2012 4:17:02 PM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
murchr wrote:
Ondiek wrote:
Political pronouncements aside - why does KQ always undertake retrenchment to bolster their performance?


KQ's Mission is to maximize in profit making, not to create employment. Notice, they are acquiring new planes 787 that consume less fuel, greater capacity and covering long distances.


Now read this: www.kenya-airways.com/Ho...ways/Mission_and_Vision/
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Back to top
 Report Abusive | Report SPAM
mukiha
#53 Posted : Monday, September 03, 2012 4:20:44 PM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
gesowan wrote:
sometime back KQ fired top managers and their strategy is to out source Air Hostesses and stewards to concentrate on Core function.In the long run they will be more profitable and employ more pilots,any person will understand this unless of course ur a fish monger


The cabin crew are part and parcel of their CORE function. It would be suicidal to out-source their service! It would be like a hotel outsourcing waiters.
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Back to top
 Report Abusive | Report SPAM
mukiha
#54 Posted : Monday, September 03, 2012 4:33:17 PM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
Two things: I suspect the PM just aired the opinion that KQ should reconsider the staff lay-offs but our good old media reported that he "directed" the airline to suspend the plan.

Nevertheless; I also suspect that he formed his opinion with little information - like many here who are supporting his standpoint. It is good to start by understanding KQ's side. And this PRESS RELEASE is a good starting point
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Back to top
 Report Abusive | Report SPAM
King G
#55 Posted : Monday, September 03, 2012 4:58:18 PM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
mukiha wrote:
gesowan wrote:
sometime back KQ fired top managers and their strategy is to out source Air Hostesses and stewards to concentrate on Core function.In the long run they will be more profitable and employ more pilots,any person will understand this unless of course ur a fish monger


The cabin crew are part and parcel of their CORE function. It would be suicidal to out-source their service! It would be like a hotel outsourcing waiters.



They dont even need to outsource. What they need is to fire the old timers and hire fresh staff who are able to perform at lower pay levels.
Thieves
Back to top
 Report Abusive | Report SPAM
digitek1
#56 Posted : Monday, September 03, 2012 5:05:53 PM
Rank: Veteran


Joined: 2/3/2010
Posts: 1,797
Location: Kenya
trying to divorce unemployment rate from politics is a pipedream. even the US had to bend over backward to save their auto industry. infact unemployment is what will lead to BO unemployment this nov

If anybody should be getting the sack then its the top management
I may be wrong..but then I could be right
Back to top
 Report Abusive | Report SPAM
digitek1
#57 Posted : Monday, September 03, 2012 5:11:43 PM
Rank: Veteran


Joined: 2/3/2010
Posts: 1,797
Location: Kenya
mukiha wrote:
gesowan wrote:
sometime back KQ fired top managers and their strategy is to out source Air Hostesses and stewards to concentrate on Core function.In the long run they will be more profitable and employ more pilots,any person will understand this unless of course ur a fish monger


The cabin crew are part and parcel of their CORE function. It would be suicidal to out-source their service! It would be like a hotel outsourcing waiters.

Applause
this business of treating human capital like trash will cost them
I may be wrong..but then I could be right
Back to top
 Report Abusive | Report SPAM
digitek1
#58 Posted : Monday, September 03, 2012 5:20:35 PM
Rank: Veteran


Joined: 2/3/2010
Posts: 1,797
Location: Kenya
MaichBlack wrote:
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!!!

capitalism doesnt operate in a vaccum esp when it comes to mass lay offs. In ke retrenchment has negative connotation
I may be wrong..but then I could be right
Back to top
 Report Abusive | Report SPAM
ngapat
#59 Posted : Monday, September 03, 2012 6:05:15 PM
Rank: Veteran


Joined: 12/11/2006
Posts: 919
This is a perfect opportunity to play politics and gain political mileage for Rao
“Invest in yourself. Your career is the engine of your wealth.”
Back to top
 Report Abusive | Report SPAM
murchr
#60 Posted : Monday, September 03, 2012 6:18:29 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
mukiha wrote:
murchr wrote:
Ondiek wrote:
Political pronouncements aside - why does KQ always undertake retrenchment to bolster their performance?


KQ's Mission is to maximize in profit making, not to create employment. Notice, they are acquiring new planes 787 that consume less fuel, greater capacity and covering long distances.


Now read this: www.kenya-airways.com/Ho...ways/Mission_and_Vision/


Muhika, If you went to business school am sure you learnt that the single most important objective of a company is to make PROFIT and grow the share holder value, without that the company is non-existent. Read their vision, its very clear and note on the mission where they mention employees - its in maximizing their satisfaction. Simply said, KQ cant satisfy the bloated workforce and still continue to grow the shareholder value. And note the company in not in existence to employ people, its there to screw competition and make mula
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest (2)
6 Pages<12345>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Club SK Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.