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KQ orderd to reinstate sacked workers!!!
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Jamani
#91 Posted : Thursday, December 06, 2012 12:40:06 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
maka wrote:
Jamani wrote:
@ Prov-B He should just resign, he had wrong advise on approach to retrenching staff and his lawyers refused to freeze when questioned by putting all their faith in the law court, hoping the court will look at the whole issue from a commercial rather than a legal angle.

...@Jamani i beg to differ TN was told by his lawyers that he was approaching the retrenchment matter wrongly as usual he arrogantly brushed them aside he is too blame 110% for the ongings the buck stops with him...he should just save face resign and they get on board someone new who should make cost cutting his or her first agenda thats the only way this company can survive...kwanza top management should take a pay cut for a while they earn too much and when the airline goes under they wont be affected as much they have enough for rainy days...


Thanks for putting the record straight, we agree management brought all this to the shareholders...... and as you put it, it is TN himself who took the decision by brushing off legal advise, so he ought to do the honorable thing
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ProverB
#92 Posted : Thursday, December 06, 2012 12:48:56 PM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
...if TN goes now...he won't go cheap...his replacement..is not a volunteer either...but his replacement will HAVE to do what TN tried to do... that is...halve wage bill.. which is impossible with current staff... unless you send em home...and get new staff at new..very low wage rates...which is usually thro..outsourcing..

KQ employee woes catalyzed by unions. tough times ahead... no, TOUGHER times.. Especially for TN's replacement
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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hisah
#93 Posted : Thursday, December 06, 2012 1:00:29 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
maka wrote:
Jamani wrote:
@ Prov-B He should just resign, he had wrong advise on approach to retrenching staff and his lawyers refused to freeze when questioned by putting all their faith in the law court, hoping the court will look at the whole issue from a commercial rather than a legal angle.

...@Jamani i beg to differ TN was told by his lawyers that he was approaching the retrenchment matter wrongly as usual he arrogantly brushed them aside he is too blame 110% for the ongings the buck stops with him...he should just save face resign and they get on board someone new who should make cost cutting his or her first agenda thats the only way this company can survive...kwanza top management should take a pay cut for a while they earn too much and when the airline goes under they wont be affected as much they have enough for rainy days...

Reminds me of the circus during the GFC debacle as bank seniors continued to earn high perks and abnormal bonuses while the firms they work for were going bust or being bailed out!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#94 Posted : Thursday, December 06, 2012 1:10:43 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
This is what I mean about the bonus bonanza as GFC was unfolding - https://www.youtube.com/watch?v=XGwkA6dKHew
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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nakujua
#95 Posted : Thursday, December 06, 2012 1:51:47 PM
Rank: Elder

Joined: 12/17/2009
Posts: 3,583
Location: Kenya
ProverB wrote:
hisah wrote:

Add to that a dull political outcome, the current security threats & the recessing euroland, the revenues stand to take a sizable cut. Bailout could come sooner than expected. God forbid, if they were to lose a plane to a crash...


Precisely!! I don't get how he just gives in to being forced to cooperate with a crippling requirement!!

No offence.. i feel for the employees...but atleast they were given an opportunity to disembark a crushing plane with some parachute...now they'd rather weigh it down and crush with it??

I was astonished being invited for thanx giving prayers for some reinstated employees..the miracle God had done...guys assume God is as financially illiterate as they are?? CraP!!

#this ain't a socialist state!


jameni, what did the employee do to you
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Aguytrying
#96 Posted : Thursday, December 06, 2012 3:03:16 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
buying kq was the worst investment mistake i did, selling at a huge loss was the best decision i made. i fear for current kq shareholders, this giant is sputtering to a halt
The investor's chief problem - and even his worst enemy - is likely to be himself
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hisah
#97 Posted : Thursday, December 06, 2012 4:43:52 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Investors protest KQ ruling in workers row - http://bit.ly/SAhpv9

Investors vs Employees, Management vs Employees - This class action lawsuit has set the cat upon the pigeons. It has a long way to unravel and it can spin off into something that would mess the labour market dynamics if not handled well. The ministry of labour is mum for now. But should the unravelling spike, that ministry will be in hot soup...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mlennyma
#98 Posted : Thursday, December 06, 2012 4:55:34 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Its time investors stood up to dictate otherwise the red flag is up.
"Don't let the fear of losing be greater than the excitement of winning."
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kenmac
#99 Posted : Thursday, December 06, 2012 4:56:40 PM
Rank: Elder

Joined: 5/26/2009
Posts: 1,793
Foreign investors must have taken note of the ruling and downgraded Kenya in their list. It was socialist.

That notwithstanding, the KQ management had handled the matter with some high handedness and tactlessly.
......Ecclesiastes
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Mukiri
#100 Posted : Thursday, December 06, 2012 5:01:51 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
Naikuni must go, as a statement of a new KQ. Is it only me who's seeing this?

Proverbs 19:21
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