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Co-operative Bank fate.. discuss
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obiero
#41 Posted : Saturday, December 13, 2014 8:30:04 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
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

KQ ABP 4.26
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murchr
#42 Posted : Saturday, December 13, 2014 9:15:48 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
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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Boris Boyka
#43 Posted : Saturday, December 13, 2014 9:20:08 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
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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Kalameni
#44 Posted : Saturday, December 13, 2014 10:14:20 PM
Rank: New-farer

Joined: 9/20/2010
Posts: 80
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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MaichBlack
#45 Posted : Sunday, December 14, 2014 7:45:41 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,836
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
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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obiero
#46 Posted : Sunday, December 14, 2014 7:55:11 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
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

KQ ABP 4.26
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maka
#47 Posted : Sunday, December 14, 2014 10:55:48 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
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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Boris Boyka
#48 Posted : Sunday, December 14, 2014 11:29:09 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
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

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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mawinder
#49 Posted : Sunday, December 14, 2014 12:14:26 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
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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lochaz-index
#50 Posted : Sunday, December 14, 2014 7:31:35 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
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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