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‘Kenya Airways May be Shut Any Moment’

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  • ‘Kenya Airways May be Shut Any Moment’

Kenya Airways may be shut any moment from now, following the insertion ‘performance based leave’ clause for its Nigerian staff, investigation revealed on Monday.

The new development is creating unease in the Nigerian aviation sector.

Sequel to the ugly development, the National Union of Air Transport Employees (NUATE) has, however, petitioned the management of the airline over what it described as obnoxious law, stressing that it would not allow it to stand.

The petitioner also copied the Minister of Labour and Productivity, Minister of State for Aviation, Commissioner of Police, Airport Command and Director, State Security Services.

A petition dated September 11, 2017 with the reference number NUATE.GS/CM.KA/ENP/0015-17, signed by the General Secretary of NUATE, Mr Olayinka Abioye and made available to our correspondent said that despite the lucrativeness of the Nigerian route to the airline, the country’s staff working with the airline were treated as slaves.

According to the petition, Kenya Airways earned over N10 billion between April 2015/2016 to March 32017, out of which the entire total staff cost for the airline was a mere 1.7 percent.

The union said that it had been in talks with the management of the airline in the past three years for the review of the condition of service of the workers, but decried that the management reversed almost all the agreements it reached with it without recourse to it.

The petition added: Rising from the Lagos meeting, management pleaded for two weeks within which to get back to us, which later turned out to be almost two months. This negative disposition notwithstanding, we honoured the August meeting with high hopes considering the fact that the only issue yet to be settled was that of the appropriate percentage to be paid Nigerian workers of KQ (Kenya Airways) on leave allowance.

“But, the meeting turned upside down with new management proposal of performance-based clause tied to the payment of leave allowance, which is clearly alien to the Nigerian legislation and applicable labour laws.”

NUATE in the petition said that it rejected in totality the management’s decision to cancel matters already reviewed and agreed upon in Lagos with the airline’s team.

The petitioners also condemned the alleged executive recklessness of the management to cancel the payment of arrears of monies that was due to workers arising from review of salaries, allowances and other ancillary matters in their collective bargaining agreement.

The union immediately demanded the restitution of all the agreements reached in Lagos and immediate setting the appropriate machinery in motion to commence its implementation.

It warned that failure of the airline to address all the issues raised within 14 days, threatening that it would not hesitate to cripple its operations in the country.

According to investigations, the airline in its new policy for the country’s workers said that payment of leave for the staff would be based on their performance on the job while workers would not be entitled to leave allowance during public holidays, which is a reverse from the present policy.

With the new policy, rather than the 100 percent lave allowances workers are entitled to, they would now be paid between 10 to 100 percent, depending on the recommendation of the Human Resources Managers of the airline in the country and Kenya.

Apart from this, the workers and their union’s leaders, also alleged that all previous agreements reached with the management of the airline in Lagos were cancelled by its management in its headquarters in Nairobi, Kenya.

The new policy of the airline has, however, angered the workers and industry unions who said the policy was against the Nigerian labour laws and issued the airline 14 days ultimatums to address the issue.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Seplat Energy Unveils Ambitious Drilling Program for 2024, Aims for 13 New Wells

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seplate to announce financial results on July 29, 2020

Seplat Energy, one of Nigeria’s prominent energy companies, has set its sights on an ambitious drilling program for 2024, with plans to deliver 13 new oil and gas wells across its operated and non-operated assets.

This announcement comes as part of the company’s unaudited results for the first quarter ending March 31, 2024.

The breakdown of the new wells reveals a strategic focus, with 11 dedicated to oil production and 2 aimed at gas production.

Seplat Energy highlights the successful commencement of its drilling program by delivering one well, Ovhor21, in the first quarter of 2024.

Also, two wells, Okporhuru-9 and Sapele-37, which were initiated towards the end of 2023, have been completed.

Both Okporhuru-9 and Sapele-37 have yielded promising results. Okporhuru-9 has discovered multiple hydrocarbon-bearing intervals in deeper formations, while Sapele-37 encountered hydrocarbons in deeper reservoirs, along with proving up a northern extension to the Sapele field.

Seplat Energy is now conducting further technical analysis to assess the commercial potential of these discoveries and the wider implications for OML 41.

Looking ahead, Seplat Energy is committed to delivering the remaining 12 wells on the 2024 drilling plan.

Three wells, namely Ovhor-22, Sapele-38, and OBEN KIKB-02, are expected to be completed during the second quarter, with the aim of supporting production volumes later in the year.

Roger Brown, the Chief Executive Officer of Seplat Energy, expressed optimism about the discoveries, emphasizing the promising initial results and highlighting the quality of Nigeria’s geological resources.

He also acknowledged the progressive actions taken by President Tinubu and industry regulators to support the energy sector.

Furthermore, Seplat Energy has made strides in enhancing its operational efficiency and shareholder value.

The company has released the applicable exchange rate for determining its final and special dividend payout to shareholders who opt to receive their dividends in naira.

With an exchange rate of N1,309.88 per $1, shareholders can expect clarity and transparency in dividend payments.

Seplat Energy’s ambitious drilling program underscores its commitment to driving growth and innovation in Nigeria’s energy landscape while maintaining a strong focus on operational excellence and value creation for stakeholders.

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APM Terminals in Talks with Government for Terminal Upgrade in Apapa

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APM Terminals is engaging in discussions with the government for a significant upgrade at its Apapa terminal.

Keith Svendsen, the Chief Executive Officer of APM Terminals, disclosed the company’s ambitious plans aimed at accommodating vessels with deep drafts and large ship-to-shore cranes.

The upgrade is part of APM Terminals’ long-term vision to bolster import and export opportunities in the country, create employment, and diversify local opportunities.

Svendsen emphasized the importance of fortifying existing port infrastructure, especially in Lagos, to manage increasing trade volumes effectively.

“While greenfield terminals like Lekki and later on Badagry would support economic growth in the long run, the more urgent requirement is in our view to upgrade the existing port infrastructure,” Svendsen commented.

The proposed upgrades seek to facilitate smoother operations, providing seamless connectivity through road, rail, and barge networks to mainline shipping.

Svendsen highlighted the unique position of the Apapa port in offering access to international markets for Nigerian importers and exporters, leveraging not only road but also rail and waterways, utilizing barges.

APM Terminals has been a pivotal player in Nigeria’s maritime sector for close to two decades. The company’s commitment to the nation’s economic growth is underscored by its proposed investment of over $500 million, subject to a long-term partnership with the government.

The Apapa terminal is a vital gateway for trade, handling a significant portion of Nigeria’s container traffic.

Furthermore, APM Terminals’ operations in Lagos and Onne collectively manage about half of the containers in Nigeria, demonstrating their pivotal role in the country’s logistics landscape.

The proposed upgrades signify APM Terminals’ dedication to supporting Nigeria’s economic reforms and attracting international investments.

The company has already invested over $600 million since its inception in Nigeria in 2006, directly employing approximately 2,500 Nigerians and indirectly contributing to employment for about 65,000 individuals.

“At APM Terminals, we believe strongly in the prospects for the Nigerian economy and the long-term opportunities that the current economic reforms and invitation for international investments will generate,” Svendsen affirmed.

As talks between APM Terminals and the government progress, stakeholders are optimistic about the positive impact of the proposed terminal upgrades on Nigeria’s maritime sector and overall economic development.

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Uber Rolls Out Flex Pay Feature: Daily Earnings for Nigerian Drivers

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Uber has rolled out a feature in Nigeria that promises to revolutionize the way drivers receive their earnings.

Dubbed “Flex Pay,” this innovative initiative allows Uber drivers across the country to access their earnings daily, a significant departure from the previous weekly payment system.

The announcement came during a recent media briefing led by Tope Akinwumi, Uber Nigeria’s country manager.

Akinwumi expressed the company’s commitment to supporting its drivers by introducing Flex Pay, which aims to help drivers meet their financial obligations more promptly and efficiently.

With Flex Pay, drivers now have the flexibility to access their earnings directly through their mobile wallets on a daily basis.

This move is poised to bring about a host of benefits for drivers, offering them greater financial stability and control over their finances.

In addition to the introduction of Flex Pay, Uber also unveiled a set of new features designed to enhance the driver experience on the platform.

One such feature is the ability for drivers to see upfront details about a trip request, including the destination and expected fare.

This added transparency empowers drivers to make more informed decisions about which trips to accept, ultimately improving their overall experience on the platform.

Speaking about the new features, Akinwumi emphasized Uber’s commitment to prioritizing the needs and feedback of its driver-partners.

He highlighted the company’s ongoing efforts to innovate and develop solutions that enhance the driver experience and ensure their satisfaction with the platform.

“We are constantly listening to feedback from our driver-partners and striving to provide them with the tools and support they need to succeed,” said Akinwumi.

“The introduction of Flex Pay and other new features is a testament to our commitment to empowering our driver-partners and enhancing their experience on the Uber platform.”

The implementation of Flex Pay marks a significant milestone for Uber in Nigeria, demonstrating the company’s dedication to driving positive change and innovation in the ride-hailing industry.

As drivers begin to benefit from daily earnings and increased transparency, Uber is poised to strengthen its position as a leading provider of flexible earning opportunities in the country.

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