Companies are in business to make money. That said unions should never get involved with running the business because they lack knowledge and expertise. I laugh when the MAS unions says they have the people and don't need outsiders. Tony has shown that you need fresh eyes to take it to the next level. MAS is over staffed and needs to scale down the head count. No more middle men or cronies. Cut heads and we will see improvements. If you don't perform out you go. tony can buy MAS cheap at the current price. Go for it
The union is taking advantage of the government n the latter obliged them gratefully. Hence, crutch mentality is created n get deep rooted. They will continue to squeeze happily all the juices from MAS as they know our government will not fail them.
Tony will not buy, unless MAS already bankruptcy and all the staff already get pay..and no longer under MAS. So Tony can have new rules and contract, appintment letter to get the qualify people back into MAA (Malaysia Air Asia) with same goal to help Air Asia grow bigger and stronger.
Tony sure don't want to involve in the current Union and compensation in MAS...It take years to settle this.
Just take MAS private lor. And take apart the company bit by bit - pilots get chopped too (first). Been complaining since day one but has never done anything to help save the company. Transportation kene cut, complain like nobody's business.
The MASEU dude - biggest joke ever! He asked to chuck AJ out and let the pilots run the airline. But then, perhaps should do so and see how they will run it and further run it into the ground.
Tony said before the main condition to take over MAS is changing all OLD MANAGEMENT STAFFS. Get some people from AIR ASIA to monitor MAS and recovery will take some time to get normal business level in 2 - 5 years.
I think goverment will restructure Mas , Maybe reduce par Rm1 to 1cts , 100 share to be 1 share , implement Right share n warrant , let the current Shareholder Lose 99% to pay the company lost n debt . This will be only the way to keep it listed or just let it delisted Under pn17 .
0007, FYI the par value of MAS is no more RM1, it was reduced last year to 10 sen. As for control of cost, everybody knows that too. But can they do it. Sack everyone and rehire by contract, maybe 2 years based on merits. That way they will be lean and mean.
On one hand you are saying don't blame the employees/union, next thing you say reduce the employees. A cook in a restaurant and a chef at a 5 star hotel gets different pay. It is the union that is blocking the downsizing and its also them who expects govt to continue feeding their family regardless of the financial health of MAS. Don't forget its the taxpayers and not MAS that is paying the fat salary to underworked bloated staff. Its not 20,000 eyes, but 41,000. Since its a listed company, compensate with VSS and rehire based on needs just like any company facing similar problems.
I give one good example why KLK, UP shares are trading above RM25 n they pay dividend almost 100% n in some instances more then 100%. At the price of Rm25+ the market capitalisation of Klci increases. Why GLC Sime n FGV share price cannot reach Rm25 because of low productivity.Oil palm plantation r governed by yield n do you know Sime/Fgv are the biggest oil palm plantation in the world n if their share price touches 25, what will be the market capitalisation, its your guess. I am writing this with my national interest besides i am s share trader n i am all the right to comment n i dont care. Productivity n principled corporate governance, no compromise on this golden saying.
you don't even know what you wrote. You wrote 20,000 eyes. MAS has 20,500 staff, that's 41,000 eyes or 20,500 PAIR of eyes. Compare business within industry, not bring in plantation stocks. Why is Air Asia making money when MAS is recording fantastic losses?
Now the world trend is one person must do 3 person job , if not is consider not Competitive , for example increase one person Salary 50% and cut 2 person salary , Save cost total 50% !! Second Step Must Control the petrol floating price wisely,This step very import for all the airline , finally , must give atleast 3 Reason for passenger why must choosing Mas and not airasia or other economy Airline .
We must compare companies within its industry! This is one of the important work we have to do too before we pick a stock to invest! Comparing businesses out of its industry just like comparing an orange with an apple. Didn't make sense at all!
Let this damn company sink. They are over staffed and think they are doing a great job. I want to see heads roll. Check this line:
Maseu executive secretary and founder Mohd Jabbarullah Abd Kadir said it is better for MAS to do a joint venture (JV) with an MRO company, such as Airod, instead of resorting to the spin off. “With the JV, we could collaborate with the knowledge and expertise that we have in MRO, for example. But what MAS really needs now actually is someone with leadership and expertise in the aviation industry,” Jabbarullah said at a press conference, here, yesterday.
How to make money? All the family members of their staff can get discounted air fare, too much benefits for staff. They should restructure or learn some business from Air Asia or else MAS will sink together with MH370.
their mindset not changed, cant really change anything. they are living in comfort zone. Always think the govt will support one.loss money pun tak kisah punya, janji ada gov.
Productivity is everything. To do that, a strong management needs to get rid of dept and unfortunately non productive staff. Or do outsourcing. VSS is necessary unless declare MAS as bankrupt. To restart with a clean slate with contact staff and fair pricing for suppliers. Otherwise csn never have so called transformation. All talk only. Every Malaysian and international eyes on MAS after mh370. God rest the souls of the passengers.
That is where action needs to focus on. Tackle the cost structure that is dragging the airline down. The quick fix will be on staff salaries but that is only the tip of it. If MAS staff cost as a percentage of total revenue is not the problem, then people who work for the airline shouldn’t be the ones paying for the legacy problems of structural inefficiencies within the supply chain of the company.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
koyak71
752 posts
Posted by koyak71 > 2014-05-17 10:49 | Report Abuse
Nadi, AAsia, Berjaya sure will get ready for his auction soon.