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KQ orderd to reinstate sacked workers!!!
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Going under is highly posible,staff were paid terminal dues,now being paid arreas and have not refunded what they received,europe crisis,fuel prices,loans and debts,high management pacts,5.6bn loss. Share worth 6bob "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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ProverB 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. Bottom line... business at KQ is untenable at current costs projection not even including costs of the entire retrenchment circus  regardless of who is to blame... fact is.. all other factors remaining constant..KQ will need some serious bailout at some moment in not so distant future. A stupid legacy for TN #silently admiring Eddy Njoroge~ Quit while ahead. Openly admiring Martin OO of KCB.
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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mlennyma wrote:Going under is highly posible,staff were paid terminal dues,now being paid arreas and have not refunded what they received,europe crisis,fuel prices,loans and debts,high management pacts,5.6bn loss. Share worth 6bob seriously...kwani what is TN doing/thinking..right now??..as in with all this going on..what's his plan?.. ..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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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ProverB 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. Bottom line... business at KQ is untenable at current costs projection not even including costs of the entire retrenchment circus regardless of who is to blame... fact is.. all other factors remaining constant..KQ will need some serious bailout at some moment in not so distant future. A stupid legacy for TN #silently admiring Eddy Njoroge~ Quit while ahead. 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... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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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! ..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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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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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! I feel your pain as an investor i can only compare it to the IDPs pain when suspects were going round inviting people for prayers.
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Dear All, There is nothing much to worry about on the court ruling. The issue was just on the procedure of firing. KQ can still fire the workers procedurally. But, surely, wazuans, emotions aside, is Kenyans losing jobs to foreigners the best KLM could tell Eng. Naikuni? Could offering 'filthy' services be less loss making? (if u have never been dumped at mombasa and hurled into a bus to complete ur journey, dont talk) Is buying suspect mtumba planes any better? Though i totaly disagree with Raila's populist statement on KQ, and the fact he represent a conflict of interest (he owns precision air), KQ management (GoK, KLM etc) is the one that is sending this to 5/-. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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dunkang wrote:Dear All,
There is nothing much to worry about on the court ruling. The issue was just on the procedure of firing. KQ can still fire the workers procedurally.
But, surely, wazuans, emotions aside, is Kenyans losing jobs to foreigners the best KLM could tell Eng. Naikuni? Could offering 'filthy' services be less loss making? (if u have never been dumped at mombasa and hurled into a bus to complete ur journey, dont talk) Is buying suspect mtumba planes any better?
Though i totaly disagree with Raila's populist statement on KQ, and the fact he represent a conflict of interest (he owns precision air), KQ management (GoK, KLM etc) is the one that is sending this to 5/-. arguing job loss to foreigners is dead argument..it's about employee effeciency..if kq can get local talent at lower cost i doubt they'd ignore..it is more cost efficient having west african flight attendant..who is more conversant with west african tastes and mannerisms on west african routes..leads to more satisfied west african clientele..in terms of customer relations etc..u get the point Increased business from Orient means more non-english speaking clients for KQ... would you rather they employ MORE orientals and add to bloated work force? since mi sioni vile wanjiku atakubali ku learn mandarin in her middle age despite her huge salary. Outsourcing non core services is a practice done world over...now KQ tried it and suddenly it's un patriotic? #This ain't Ujamaa ..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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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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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... possunt quia posse videntur
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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@maka wapi KQ ruling at wazua google yawa! anyway been just checking, anything? Thieves
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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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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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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...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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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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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Rank: Elder Joined: 12/17/2009 Posts: 3,583 Location: Kenya
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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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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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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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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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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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Rank: Elder Joined: 5/26/2009 Posts: 1,793
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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.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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Naikuni must go, as a statement of a new KQ. Is it only me who's seeing this?
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KQ orderd to reinstate sacked workers!!!
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