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why is RAO interfering with a listed company yet he is not a share holder
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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
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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.
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mukiha
#53 Posted : Monday, September 03, 2012 4:20:44 PM
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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.
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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.
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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
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digitek1
#56 Posted : Monday, September 03, 2012 5:05:53 PM
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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
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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
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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
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ngapat
#59 Posted : Monday, September 03, 2012 6:05:15 PM
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Joined: 12/11/2006
Posts: 930
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.”
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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
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