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EA Portland Cement HY19
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obiero
#11 Posted : Wednesday, May 22, 2019 8:21:21 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
VituVingiSana wrote:
CEO fired https://www.businessdail...25818-5qwnvc/index.html

With Bamburi 12.5% shareholding in EAPCC, it should angle for purchase of majority stake.. The EAPCC land assets are sweet!

KQ ABP 4.26
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Ericsson
#12 Posted : Thursday, August 08, 2019 12:24:05 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
East Africa Portland cement declares all jobs redundant as it undertakes a restructuring to reverse a daily loss position of ksh.8 million. Payment will be made at points of exit and employees are encouraged to reapply for reconfigured positions
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#13 Posted : Thursday, August 08, 2019 12:26:00 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Ericsson wrote:
East Africa Portland cement declares all jobs redundant as it undertakes a restructuring to reverse a daily loss position of ksh.8 million. Payment will be made at points of exit and employees are encouraged to reapply for reconfigured positions


It has come to this. Anyway Jubilee eating its own shudren!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Chaka
#14 Posted : Thursday, August 08, 2019 4:16:37 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
Ericsson wrote:
East Africa Portland cement declares all jobs redundant as it undertakes a restructuring to reverse a daily loss position of ksh.8 million. Payment will be made at points of exit and employees are encouraged to reapply for reconfigured positions

So, the accountant's last job will be giving out those last pay cheques?
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sparkly
#15 Posted : Thursday, August 08, 2019 7:32:51 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
East Africa Portland cement declares all jobs redundant as it undertakes a restructuring to reverse a daily loss position of ksh.8 million. Payment will be made at points of exit and employees are encouraged to reapply for reconfigured positions


Surely how can all jobs become redundant? Are they handing over the company to robots?
Life is short. Live passionately.
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Impunity
#16 Posted : Friday, August 09, 2019 12:14:25 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Chaka wrote:
Ericsson wrote:
East Africa Portland cement declares all jobs redundant as it undertakes a restructuring to reverse a daily loss position of ksh.8 million. Payment will be made at points of exit and employees are encouraged to reapply for reconfigured positions

So, the accountant's last job will be giving out those last pay cheques?


The last job will be security guy at the gate ushering out the last nigga and closing the gate behind.
Laughing out loudly Laughing out loudly
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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kawi254
#17 Posted : Friday, August 09, 2019 1:17:38 AM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
EAPCC & ARM cite competition (amongst other reasons) for their woes. Who is this new competition that has disrupted the cement industry exposing those that were swimming naked? Simba cement or imports?
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nairobby
#18 Posted : Friday, August 09, 2019 8:46:53 AM
Rank: Member

Joined: 1/18/2019
Posts: 185
Location: kenya
Ericsson wrote:
East Africa Portland cement declares all jobs redundant as it undertakes a restructuring to reverse a daily loss position of ksh.8 million. Payment will be made at points of exit and employees are encouraged to reapply for reconfigured positions


This is what KQ should doLaughing out loudly
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nairobby
#19 Posted : Friday, August 09, 2019 8:52:30 AM
Rank: Member

Joined: 1/18/2019
Posts: 185
Location: kenya
Ericsson wrote:
East Africa Portland cement declares all jobs redundant as it undertakes a restructuring to reverse a daily loss position of ksh.8 million. Payment will be made at points of exit and employees are encouraged to reapply for reconfigured positions


This is what KQ should doLaughing out loudly
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VituVingiSana
#20 Posted : Friday, August 09, 2019 9:27:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
CEO fired https://www.businessdail...25818-5qwnvc/index.html

With Bamburi 12.5% shareholding in EAPCC, it should angle for purchase of majority stake.. The EAPCC land assets are sweet!
The politics. Let EAPCC die as should other firms like it. The land should be TRANSPARENTLY sold off. The equipment is probably scrap but can be auctioned.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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