By Sharen Kaur
sharen@nstp.com.my
Published in NST on August 6, 2012
sharen@nstp.com.my
Published in NST on August 6, 2012
A three-year turnaround plan is in the offing for the ailing national railway company Keretapi Tanah Melayu Bhd (KTMB).
KTMB's new president, Datuk Elias Kadir has drafted a business plan to help turn around the company, which includes cost-cutting and improvements in efficiency and train delivery.
Railwaymen Union of Malaya (RUM) president Abdul Razak Md Hassan said Elias recently shared his business plan with the union's key people as well as KTMB board.
"This is the first time in KTMB's history, RUM was brought in to discuss the business plan. Elias believes together we can turn around KTMB. The company has been sleeping too long," Razak said.
RUM is a union comprising 3,600 members who are KTMB employees. Razak said one of the main agendas in the plan is to reduce the operational cost within the first two years of Elias' presidency.
KTMB has been incurring losses of about RM130 million to RM180 million a year.
Razak told Business Times that Elias aims to cut the losses in phases by reducing wastage.
The plan also entails improving efficiency, work production and on-time delivery of trains.
Since Elias took over from Dr Aminuddin Adnan in May this year, the on-time delivery of KTM commuter trains has improved from 17 per cent to 86 per cent, Razak said.
This was possible with the cooperation of the key officials and non-executive staff of KTMB under Elias' management, helped by the new China six-car set trains.
On a recent Business Times report which said KTMB was in choppy waters after losing its talent pool and key personnel since Elias came on board, Razak said those who resigned had organisational culture issues.
In the first three months in office, Elias implemented a policy requiring all staff including the management to be punctual at work and improve their delivery time.
"They were not receptive to the new work culture and changes Elias was making to improve KTMB. They have been 'honeymooning' too long under the previous management and now feel pressured to perform," Razak said.
Speaking on behalf of RUM, Razak said Elias is a good leader who has made progress in KTMB just under 100 days in office.
KTMB's new president, Datuk Elias Kadir has drafted a business plan to help turn around the company, which includes cost-cutting and improvements in efficiency and train delivery.
Railwaymen Union of Malaya (RUM) president Abdul Razak Md Hassan said Elias recently shared his business plan with the union's key people as well as KTMB board.
"This is the first time in KTMB's history, RUM was brought in to discuss the business plan. Elias believes together we can turn around KTMB. The company has been sleeping too long," Razak said.
RUM is a union comprising 3,600 members who are KTMB employees. Razak said one of the main agendas in the plan is to reduce the operational cost within the first two years of Elias' presidency.
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Razak told Business Times that Elias aims to cut the losses in phases by reducing wastage.
The plan also entails improving efficiency, work production and on-time delivery of trains.
Since Elias took over from Dr Aminuddin Adnan in May this year, the on-time delivery of KTM commuter trains has improved from 17 per cent to 86 per cent, Razak said.
This was possible with the cooperation of the key officials and non-executive staff of KTMB under Elias' management, helped by the new China six-car set trains.
On a recent Business Times report which said KTMB was in choppy waters after losing its talent pool and key personnel since Elias came on board, Razak said those who resigned had organisational culture issues.
In the first three months in office, Elias implemented a policy requiring all staff including the management to be punctual at work and improve their delivery time.
"They were not receptive to the new work culture and changes Elias was making to improve KTMB. They have been 'honeymooning' too long under the previous management and now feel pressured to perform," Razak said.
Speaking on behalf of RUM, Razak said Elias is a good leader who has made progress in KTMB just under 100 days in office.
"There has been progress in KTMB," Razak said.
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