Wazua
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Co-operative Bank fate.. discuss
Rank: Elder Joined: 6/23/2009 Posts: 14,325 Location: nairobi
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mawinder wrote:gatoho wrote:Kausha wrote:It was a raw deal. 1.5x the less of number of years worked or number of years to retirement plus 40% outstanding loan balance waiver. Damn them, a close relative fell victim and really not ideal. We are taking them to court first thing Monday morning!!!!!!!!!!! Thats unwise COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mawinder wrote:gatoho wrote:Kausha wrote:It was a raw deal. 1.5x the less of number of years worked or number of years to retirement plus 40% outstanding loan balance waiver. Damn them, a close relative fell victim and really not ideal. We are taking them to court first thing Monday morning!!!!!!!!!!! Wait first i sell then you sue them "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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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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obiero wrote:mawinder wrote:gatoho wrote:Kausha wrote:It was a raw deal. 1.5x the less of number of years worked or number of years to retirement plus 40% outstanding loan balance waiver. Damn them, a close relative fell victim and really not ideal. We are taking them to court first thing Monday morning!!!!!!!!!!! Thats unwise that's true @ Obiero, @mawinder acccept and move on..... look for some other place...such a battle...huwezi lazimisha shareholders kukubakisha kazi when you are redidant....given mko na notice na a package.. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: New-farer Joined: 9/20/2010 Posts: 80
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wish 160 guys well.Has coop really completed the layoffs or many more are on the way cause the number is far less compared to the other banks.
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Rank: Elder Joined: 7/22/2009 Posts: 7,913
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Boris Boyka wrote:obiero wrote:mawinder wrote:gatoho wrote:Kausha wrote:It was a raw deal. 1.5x the less of number of years worked or number of years to retirement plus 40% outstanding loan balance waiver. Damn them, a close relative fell victim and really not ideal. We are taking them to court first thing Monday morning!!!!!!!!!!! Thats unwise that's true @ Obiero, @mawinder acccept and move on..... look for some other place...such a battle...huwezi lazimisha shareholders kukubakisha kazi when you are redidant....given mko na notice na a package.. Link: See post #222 and post #223Never 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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Rank: Elder Joined: 6/23/2009 Posts: 14,325 Location: nairobi
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MaichBlack wrote:Boris Boyka wrote:obiero wrote:mawinder wrote:gatoho wrote:Kausha wrote:It was a raw deal. 1.5x the less of number of years worked or number of years to retirement plus 40% outstanding loan balance waiver. Damn them, a close relative fell victim and really not ideal. We are taking them to court first thing Monday morning!!!!!!!!!!! Thats unwise that's true @ Obiero, @mawinder acccept and move on..... look for some other place...such a battle...huwezi lazimisha shareholders kukubakisha kazi when you are redidant....given mko na notice na a package.. Link: See post #222 and post #223 Hahaha COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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mawinder wrote:gatoho wrote:Kausha wrote:It was a raw deal. 1.5x the less of number of years worked or number of years to retirement plus 40% outstanding loan balance waiver. Damn them, a close relative fell victim and really not ideal. We are taking them to court first thing Monday morning!!!!!!!!!!! Let them go to Court. It's their right. Though going by the terms they got they may not get much... As per Section 40 of the Employment Act redundancy is payable at the rate of 15 days for each year of service possunt quia posse videntur
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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obiero wrote:MaichBlack wrote:Boris Boyka wrote:obiero wrote:mawinder wrote:gatoho wrote:Kausha wrote:It was a raw deal. 1.5x the less of number of years worked or number of years to retirement plus 40% outstanding loan balance waiver. Damn them, a close relative fell victim and really not ideal. We are taking them to court first thing Monday morning!!!!!!!!!!! Thats unwise that's true @ Obiero, @mawinder acccept and move on..... look for some other place...such a battle...huwezi lazimisha shareholders kukubakisha kazi when you are redidant....given mko na notice na a package.. Link: See post #222 and post #223 Hahaha  Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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maka wrote:mawinder wrote:gatoho wrote:Kausha wrote:It was a raw deal. 1.5x the less of number of years worked or number of years to retirement plus 40% outstanding loan balance waiver. Damn them, a close relative fell victim and really not ideal. We are taking them to court first thing Monday morning!!!!!!!!!!! Let them go to Court. It's their right. Though going by the terms they got they may not get much... As per Section 40 of the Employment Act redundancy is payable at the rate of 15 days for each year of service @maka,your fellow lawyers Titus Koceyo and matthew Oseko have began looking for the retrenchees.It is a big industry, they have done it in the past and that is how they make their money.A link on their pas pursuits is here http://www.standardmedia...-pensioners&pageNo=1
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Rankaz13 wrote:obiero wrote:@rankaz share the inside scoop. ama ni porojo tu unauza I wouldn't delve into too much detail without jeopardizing my sources. But the key word is procurement. Serious 'chicken' being shared out amongst the senior fellows. And I mean procurement of everything literally, from the core-banking system software, security guards services, leasing of buildings in which some of their branches are located, etc etc. @rankaz I second you on the part of leasing of not some but most of their respective branch buildings.... serious 'chicken ' I tell you. The main purpose of the stock market is to make fools of as many people as possible.
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