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KQ Retrenchment
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ZZE123
#1 Posted : Tuesday, September 04, 2012 11:47:38 AM
Rank: Elder


Joined: 6/21/2008
Posts: 2,490
Is it true that KQ is retrenching 600 of its staff members today?
Yet Titus Naikuni (CEO) and Alex Mbugua (group finance director) shared a monthly package of Sh6.83 million last year.
The man who marries a beautiful woman, and the farmer who grows corn by the roadside have the same problem
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King G
#2 Posted : Tuesday, September 04, 2012 12:13:08 PM
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Joined: 6/20/2012
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Location: Othumo
Scope, roles and resposibilitie/Knowledge, skills, abilities and competencies of the two set of employees are different.

Let this workers go. When they were striking around 2010, i told a friend of mine that KQ will have the last laugh in the long run, he didnot believe. Here we are, who is the loser now; employees. staff cant win in corporates wars
Thieves
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mlennyma
#3 Posted : Tuesday, September 04, 2012 12:34:44 PM
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Joined: 7/21/2010
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Location: nairobi
They striked to get pay hikes and it comes at a cost,let those who will remain enjoy.
"Don't let the fear of losing be greater than the excitement of winning."
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ProverB
#4 Posted : Tuesday, September 04, 2012 12:49:31 PM
Rank: Veteran


Joined: 3/12/2010
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Location: Eastlander
Naikuni is doing now what he should have done 10 years ago... after all bickering by investors about operational inefficiencies at kq all thro the years.

..he should quit and join politics.. he is better of as a politician than an executive administrator in the private sector.
..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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mlefu
#5 Posted : Tuesday, September 04, 2012 12:54:08 PM
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Joined: 2/11/2007
Posts: 1,680
Location: nairobi
ProverB is in the house...is it time to buy KQ?...
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ProverB
#6 Posted : Tuesday, September 04, 2012 1:24:56 PM
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mlefu wrote:
ProverB is in the house...is it time to buy KQ?...


no its not..

..foreseeable short term future of KQ:

+industrial feuds..legal and time costs..plus RAO putting his nose where it is not required! NKT!
+Restructuring Costs (golden handshake crap for unnecessary staff)
+High fuel costs compared to last year..
+mitigating circumstances..politics..mrc..alshabaab..etc..

..dampened fortunes in the cards for KQ... similar to Australia's Quantas.
..benefits of current restructuring will reflect in next financial year... not this one.
..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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King G
#7 Posted : Tuesday, September 04, 2012 5:04:39 PM
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Joined: 6/20/2012
Posts: 3,855
Location: Othumo
What are the KQ retrenchment terms; anybody with details?
Thieves
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Jamani
#8 Posted : Tuesday, September 04, 2012 8:10:17 PM
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Joined: 9/12/2006
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@ King G......Just read in the online paper the average they say is 2m
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Jamani
#9 Posted : Tuesday, September 04, 2012 8:12:27 PM
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King G
#10 Posted : Wednesday, September 05, 2012 9:14:32 AM
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Joined: 6/20/2012
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Location: Othumo
The KQ Management has showed that they are in business and dont care about politics and political ambitions that are doomed to fail. Bw. PM had better take such cheap politics to his contituents and not in KQ - National carrier
Thieves
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StatMeister
#11 Posted : Wednesday, September 05, 2012 9:36:37 AM
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Joined: 5/23/2010
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Location: La Islas Galápagos
King G wrote:
The KQ Management has showed that they are in business and dont care about politics and political ambitions that are doomed to fail. Bw. PM had better take such cheap politics to his contituents and not in KQ - National carrier


They have also shown that they don't care about shareholders
A bad day fishing is better than a good day at work
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mlennyma
#12 Posted : Wednesday, September 05, 2012 9:44:08 AM
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Kk staff get ready.
"Don't let the fear of losing be greater than the excitement of winning."
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Jamani
#13 Posted : Wednesday, September 05, 2012 9:46:22 AM
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mlennyma wrote:
Kk staff get ready.

as the staff ready themselves, i hope KK will show some care to shareholders
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King G
#14 Posted : Wednesday, September 05, 2012 9:48:01 AM
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Location: Othumo
StatMeister wrote:
King G wrote:
The KQ Management has showed that they are in business and dont care about politics and political ambitions that are doomed to fail. Bw. PM had better take such cheap politics to his contituents and not in KQ - National carrier


They have also shown that they don't care about shareholders


why? i thought they are working hard to recover and adjust based on past mistakes so that the shareholder can recoup their investments in the next 2/3 years
Thieves
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StatMeister
#15 Posted : Wednesday, September 05, 2012 10:43:38 AM
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Location: La Islas Galápagos
King G wrote:
StatMeister wrote:
King G wrote:
The KQ Management has showed that they are in business and dont care about politics and political ambitions that are doomed to fail. Bw. PM had better take such cheap politics to his contituents and not in KQ - National carrier


They have also shown that they don't care about shareholders


why? i thought they are working hard to recover and adjust based on past mistakes so that the shareholder can recoup their investments in the next 2/3 years


Running down a stock from 60 bob to 14 bob then running it up to 20.
A bad day fishing is better than a good day at work
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Behemoth
#16 Posted : Wednesday, September 05, 2012 10:53:54 AM
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Joined: 8/7/2012
Posts: 180
ProverB wrote:
Naikuni is doing now what he should have done 10 years ago... after all bickering by investors about operational inefficiencies at kq all thro the years.

..he should quit and join politics.. he is better of as a politician than an executive administrator in the private sector.


@ ProverB. This is the second time he is doing it. 1st was in 2003. And mind u the KQ operational inefficiecies will not be solved by doing away with pple.
Eagles don't flock, you have to find them one at a time.
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kollabo
#17 Posted : Wednesday, September 05, 2012 1:11:30 PM
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Joined: 2/3/2012
Posts: 1,317
Naikuni has lost the plot. Why open new routes only to shut them within months? Is firing people the answer to the rising cost of fuel? People are losing their jobs because of sloppy management decisions. Perhaps its time to accept that Naikuni has run out of ideas.
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ZZE123
#18 Posted : Wednesday, September 05, 2012 1:19:57 PM
Rank: Elder


Joined: 6/21/2008
Posts: 2,490
The unfair thing about this retrenchment is that Kenyans are losing jobs while KQ continues hiring foreigners to do basic jobs!
The man who marries a beautiful woman, and the farmer who grows corn by the roadside have the same problem
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maka
#19 Posted : Thursday, September 06, 2012 1:24:44 AM
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Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Just wondering when they expand their fleet will they re hire again?
possunt quia posse videntur
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StatMeister
#20 Posted : Thursday, September 06, 2012 10:31:46 AM
Rank: Veteran


Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
maka wrote:
Just wondering when they expand their fleet will they re hire again?


Outsourcing, its today's business mantra
A bad day fishing is better than a good day at work
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