BOI Chairman Dhammika Perera became the major single shareholder of Hayleys Limited today by increasing his stake in Hayleys Limited up to 11.90%.Mr.Perera acquired 6% stake in Hayleys Limited on 10th June 2008 and thereafter gradually increased his stake during the last two weeks.
According to the latest Annual Report of Hayleys Ltd, “Trustees of the D.S.Jayasundera Trust” which was established after the demise of Mr.D.S.Jayasundera- a former distinguished Chairman of Hayleys Limited in order to administer his shareholding in the company was the major shareholder until the above share transaction took place today at the Colombo Stock Exchange. It is also stated that the above trust is still having 11.60% stake in the company shareholding.
Meanwhile, Mr.Nimal Perera –an Investment Advisor said that Mr.Dhammika Perera has acquired abovementioned stake in Hayleys through one of his companies – Vallibel Holdings Ltd.
When contacted Secretarial Division of Hayleys Limited, an officer said since Mr.Dhammika Perera has acquired more than 10% stake in Hayleys, he is eligible to make a request to appoint either him or one of his representatives to the Hayleys Board. However, said officer further told if Mr.Perera is willing to makes such request it should reach them on or before 26th June 2008 and such request must be approved at their Annual General Meeting to be held on 27th June 2008.
Mr.Dhammika Perera has reportedly bought nearly 2.5million Hayleys shares today from Renuka Holdings in order to increase his stake ahead of Hayleys Limited AGM to be held on next Friday.
Hayleys was incorporated in Sri Lanka in 1952.Hayleys Limited is a quoted & truly broad-based company with no single individual, family or institution owning more than 12%.Hayleys is today one of the largest Sri Lankan multinationals which diversified into many business areas with around 130 companies in and out of Sri Lanka.
Hayleys today accounts for 2.6 % of Sri Lanka’s export income and carrying a AA-(lka) credit rating by Fitch Ratings.
(“Sinhale Hot News” bears no responsibility for the ideas and opinion expressed by the writers as well as for the comments posted to the articles by numerous readers and viewers of this web site.)
Dhammika Perera is the one who introduced “Jack pot” machines to Sri Lanka.
Now he is seeking a seat on Hayleys Board. What a joke ?
By: Wasantha on June 25, 2008
at 10:53 am
WE SHOULD NOT BE JEALOUS…AS SRI LANKANS WE SHOULD BE PROUD OF.. HWO CAN WE DEVELOP OTHERWISE..
DILUKA
By: jay on June 25, 2008
at 2:20 pm
We are not jealous…. But feel sorry for the other “Gentlemen” currently serving on Hayleys Board. How can they sit with a guy like him who has roots to gambling?
As far as I know, Hayleys or Directors of Hayleys didn’t have that type of a bad history.
By: Wasantha on June 25, 2008
at 3:49 pm
There is no good leader in Hayleys right now, MD Richard Ebell is not good for anything. Its soo good time a leader like Perera is having an intrest on Hayleys
By: Bandara on June 26, 2008
at 9:11 am
Wasantha,
i feel u never heard abt hayley directors after mendis no perfect leader. all sleeping guys
hayleys HR department is worse than any dept in lanka………. no one knows who is staff and who is outsider….
This’s very good move for company
By: Lalith on June 26, 2008
at 9:26 am
Dear Bandara & Lalith,
Kindly note I had little over 25 years working experience in Hayleys and personally known it’s Chairmen from Neil Brown to NGW. Also I worked with RAE/SK for nearly 10 years and I am still a shareholder of Hayleys Limited. Therefore it is not necessary to give me an introduction on Hayleys or its culture.
As you said, if Hayleys Directors are so sleepy guys, how they develop the company up to the existing level? If you need any clarification in this regard why don’t you refer Hayleys Annual Reports published at least during the last 15-20 years? Before criticizing, you must go through their Annual Reports – Then only you will realize what they did in the past and what they are doing now.
Bandara, I am sure that you haven’t realized who Richard Annasley Ebell is?. Also RAE is not the Hayleys MD and he is only the Finance & HR Director. (That means you do not know much about Hayleys)
Lalith, you are talking about SM, then how about RY? I feel that you have a personal grudge with Hayleys HR Dept. and that you have to sort out with Sunil Dissanayake (GHRM).
Also you said that nobody knows who is staffer and who is outsider. Do you know that every employee in Hayleys (including Directors) provided with a Company ID? Not only that even the visitors are provided with a Visitors ID at the reception. Therefore it is not difficult to find out who is staffer and who is outsider.
I too have some criticism on several activities of Hayleys. But I must say appointing a gambler like DP to the Hayleys board is not the solution.
One more thing. If Hayleys is lacking of Leaders, will find “suitable, capable and good leaders” for the company. But substituting the existing gentlemen by a gambler will not serve your purpose.
By: Wasantha on June 26, 2008
at 11:25 am
Nothing to worry, We will wait & see how he will perform
By: Kesara on June 26, 2008
at 12:59 pm
dear wasantha,,
pl cool down.. u are agitataed for nothing,.. we never know what you were and what your roots are? before condemming somone we like to know about u and your own roots? it will definitly open a can of worms I presume.. could be worst than anyone else..
jay
By: jay on June 26, 2008
at 2:05 pm
wasantha,
Bothered abt your 25 years of knowledge like you i also know each and every corner of Hayleys. Do not bluff because of giving company id, hey which block you talk giving id? Not both entrance check keep the cards dont mean its working. pleople can any where with out card, Like you i visited all those places.
If you talk about SM, i can say yes.. after that nothing. Hayleys run by good employee not buy these unfit directors. Only couple of good people left now.
Wasantha if you tell you are writing on behalf of director then i understand yor thoughts
By: Lalith on June 26, 2008
at 5:52 pm
Wasantha u wrote some personal grudge with HR dept, who bothered abt hayleys HR dept.. they dont work with any group company and sunil dissanayake is like security guard,,, his service @ hayleys 1&1/2 years.. he came to replace great HR marikar. Just list what work HR dept dose??? print id cards, send circular to security guards, they hardly talk with employees
wasantha you can talk abt hayleys 20 -25 years back but not now; Tehy are going on for years because of hard work by those past people like RY,,,,not today sleeping guys.
now time for show…
Im sure dhammika perera may already made all these director wake up from sleep.
By: Lalith on June 26, 2008
at 8:14 pm
Lalith, By looking at your comments, I agree that you too have some close connections with Hayleys.
Yes, I too agree with you on what you said about SD who came from HSBC. You talk about JHM, why not making any reference to CVG,OMRS, NCT & PB.
If employees are not wearing ID Cards, that is up to Security people to check with and you can’t find fault with Directors. Very recently I visited Hayleys HO and I was provided with a Visitors ID, though most of the security guys are known to me. I wore that ID until I left the office.
Once you said, after SM no perfect leaders at Hayleys. Again you talk about RY’s hard work. But, RY became the Chairman of Hayleys only after SM. Therefore by accepting RY as a hard worker, you have crushed your own argument which was under the titled of “ No perfect leaders at Hayleys after SM”
Also, I personally feel if MJCA was given a chance to become the Chairman after the death of DSJ, we have nothing to worry about Hayleys future anymore. Not given a chance to MJCA after DSJ was the biggest ever mistake we all did.
Lalith, I am not making these comments for and on behalf of Hayleys Directors. Only as an ex- employee/shareholder I am making these comments.
Nice to meet a person like you to talk about Hayleys, even after many many years.
By: Wasantha on June 26, 2008
at 10:48 pm
Good arguments! Keep it up!!!
By: MLP on June 26, 2008
at 10:51 pm
Dear Wasantha,
Atleast u may have understood that im not trying to tarnish Hayleys name but show people not having interest on Hayleys.
True as U say i not mention RY but i said about Sunil cos our former president acknowledge Sunil Mendis and put him governor central bank. All those people U talked got Hayleys in the blood cos of the hard work but for new directors its nothing; example HR head, no knowledge of Hayleys values or history, he thinks he heading a western company. All who started Hayleys no more in the company.
With sadness only i made my first comment on this news, because of this sleeping directors third people taking advantage and got into Hayleys. Do U think BOI person not noticed these directors lack of intrest?? Definitely he knows this is perfect time to get into Hayleys.
Only the future chairman will be worried abt his entry, but not definitely Pandithage ,,,, he is so staff friendly all Hayleys staff will be behind him.
Hope there may good changes in coming days!
By: Lalith on June 26, 2008
at 11:48 pm
Dear Lalith,
Sorry for the delay in posting a reply. Yesterday I went for Hayleys AGM and thought to reply after that. Nothing happened at the AGM, except few arguments between Dr.Wickramanayaka and Mr.Mohideen. During his speech Dr.Wickramanayake made some comments over recent Hayleys share transactions took place. He made few references on famous “Casino King” – Joe Sim and expressed his suspicious as Joe Sim’s money behind the above share transactions.
Though, Mr.Nimal Perera attended to this AGM representing his own stake in Hayleys, none represented DP at the AGM. Although NP was so upset over Dr. W’s comments, didn’t make any reply to him at the AGM.
Coming back to your comments, I too fully agree with you of what you said about SD – HR head.
It is true that SM was appointed as the Central Bank Governor by President CBK and that is due to close connection he has with her and not because of anything else.
Agreed, MP is a very “energetic” person on the board – MRZ & RAE on the board with proven capabilities and abilities. But I do not know why AH is on the board? May be due to friendship he has with RY. According to my knowledge, AH did nothing for Haycarb other than continuing RY’s work – That is also questionable. JAGA is on the board because of NGW, I supposed.
Lalith, I think that DP is getting all the required internal information of Hayleys through a guy who is now working at Hayleys. He was once working in a company where DP is the Chief.
I know that you are highly worried/ frustrated about the situation at Hayleys. As I told you before I also have some criticism on them.
Hope this is a good lesson for all of them( according to you, for sleeping guys). Will see whether they will get up soon for everyone’s benefit.
By: Wasantha on June 28, 2008
at 9:26 pm
Good going!!! Good criticism for the benefit of hayleys !!!
By: MLP on June 28, 2008
at 9:45 pm
Dear Wasantha
You ………..you sad ….., u don’t know what is really happening inside hayles. Do you know that your so called gentlemen board has robbed your loving company? They are also involved in foreign exchange fraud, amounting to Rs. 600 million involving Haycab. Do you know that kinetic project machinery is being sold to your sorry …. chairman’s’ brother for a song.
Dimo stake was given away when there were higher bidders.
That ……. head tanki’s class mate is flown on a quarterly basis from Canada on business class travel using share holder money for board meetings. Corporate governance MY ….!
That ……… have no moral rights to talk about other people acquiring shares of this so called failed blue chip. Glory dates of Hayles are over, it has been ruined by this so called gentlemen board for their personal gains and glorification.
Now when a sizeable stake of the company is acquired by one of the most prominent industrialist in the country these ………….are ……….and slinging mud.
Wasantha get a life.. without …………tanki’s smelly …..
Sunil
By: Sunil on June 30, 2008
at 6:33 pm
True, company directors ………… the Hayleys in the name of benefits. all got creditcard for persoanl use.
directors donkey spend all company money and run away to other company board.
By: Silva on June 30, 2008
at 7:50 pm
Mr.Sunil & Mr.Silva,
Your comments had to be edited due to use of some filthy words. Please do not use such words when posting comments hereafter.
Administrator.
By: sinhale on June 30, 2008
at 9:09 pm
True, company directors robbing the Hayleys in the name of benefits. all got credit card for persoanl use. all can fly 1st class air travel, take a break in hunas falls etc
directors donkey spend all company money and run away to other company board when company in trouble
By: Silva on July 1, 2008
at 7:49 am
Wasantha’s comments about the “gentlemen” of Hayleys Board is such a good example of Sri Lanka’s doggedness to colonial, imperialistic suck up attitude. After sixty odd years we still insist on bowing to the elitist culture that was indoctrinated to us by the Colonial rulers of then Ceylon. Of course this is not surprising given that people like Wasantha who claim to have 25 years of association with Hayleys are people who have been brainwashed by the colonials and colonial lackeys who run the mini-imperialist Hayleys.
Why is Hayleys such a sanctamonius corporate entity? Why is everyone so darn anxious to protect it’s so called virtuous state? In my eyes it’s like a teenage prostitute, someone you automatically associate as being pure and virgin but is in fact tarnished, blemished and infected. Skeletons in the cupboard remain in the cupboard, nobody wants to talk about the ill-goings on at the Company because nobody wants to shake the general aura and symbolism of Hayleys as a corporate goody-two-shoes.
The question has been asked “how come Hayleys has done so well?”. The answer is simple, if any other conglomerate had the quantum of assets that Hayleys holds, they would be performing at not two fold or three fold the capacity but possibly at ten fold or twenty fold. when you are a giant – even though you are sleeping – you still tend to make an impact. This doesn’t mean that Hayleys is being managed well, it simply means that it is rolling down the hill accelerating at speed cos it’s sheer size is moving it forward. No brain-power, no innovation, no corporate will to change….just the will to hang in there and go with the flow.
Governance is a much touted word in Sri Lanka, these days. Fact of the matter is, governance has become a prostitute to the corporate world. when you want to do everything and anything that needs to be swept under the carpet, you do it anyway but write reels and reels of pages in the Annual Report expounding the Company’s embracement of enterprise governance! Look under the carpet and you find all the dodgy transactions, the personal fulfillments, the agendas, the scandals and the mismanagement.
Hayleys is stuck in the 1900’s, they still do business like they did when the Company was formed. The Board makes no attempt to change because change is too much of an effort. Stuck in a time warp and protected by a set of loyalists who are living in an unrealistic era of nostalgia and elitism, Hayleys continues to be the icon of imperialist idealism in Sri Lanka.
After all if the Dhammika Perera’s of Sri Lanka took over this temple of colonial rule and elite powerhouse, where would all the old fogies go? They are no more moth eaten, cracked corporate walls for them to crawl into, no more warm, comfortable, pocket-lining corporations which will feed their little, crinkled up egos or places to hibernate in contentment with the same calling of power and prestige, because thank fully people with gusto, nerve and genius like Perera have got the ball rolling and broken the trend.
If we protect hayleys, we only protect an era of “gentlemen” who are self-opinionated and down right selfish. Sri Lanka’s corporate world needs to look to the future and i hope that’s where strategic investments of this nature will take us.
By: Dayan on July 1, 2008
at 11:50 am
well said Dayan.. where is wasantha and his so called gentlemen
By: jay on July 1, 2008
at 5:49 pm
no matter how long staff work there; 25 years or 50 years when work over they will come empty hand at the end of service.
at hayleys no increments as the rising cost; that was reason for hayleys making profit; cheap labour.
poor wasantha after 25 years now he will have nothing; living with hayleys shares and it benifits
By: Silva on July 1, 2008
at 6:58 pm
Hay Jay, I am here and still maintain that Hayleys Diretors are “Gentlemen”, because no black money behind them.
Silva, Don’t worry about me, because at the time of my retirment I got one month salary for each year of service as my Gratiuty in addition to all other terminal benefits.
I know that this time Hayleys group gave a poor salary increments to staff ranging from 5% to 8%. Hope you too got the same increament rate. That is why you are shouting so high. I feel sorry for you – That is your fate….
When we were at Hayleys our minimum increament starting from 10%.
If you think by reducing increaments, a company can make profits – on the other hand is company making losses by giving good increaments to its staff?
What a joke Silva?
By: Wasantha on July 1, 2008
at 10:29 pm
Wasantha, what a joke!!!!!!!!!!!!!!!!!
You are making good joke, Which century hayleys gave one month salary for each year gratiuty that too if one completed 5 years; as far i know only half month salary for each year.
you do not dream that 10% increment is give,, for many years now increment not crossed 3% for many,
wasantha you must be having some brain problem, ask hayleys for some medical benifits
I feel you are so worried about hayleys share value because of all bad news coming out now, soon worse will come out
you did not make any comment about sunil message above; haycarb fraud. you attend all agm meetings, all good gentlemen made you fool.
By: Silva on July 2, 2008
at 8:39 am
Mr.Silva,
Yes. you are talking about the minimum legal requirement of Gratuity payment. If an employee completes 5 years at least he/she entitled for a gratuity payment. According to the Gratuity act, ½ month salary to be paid for each year of service for an employee who completes uninterrupted 5 years service and that is the minimum rate adopted by the law.( Also kindly note that this is the “minimum rate” according to the law and whoever who wish, can pay anything more than “the required minimum rate”)
When you go through Hayleys Annual Reports, you will realize how Hayleys do the calculation when making Gratuity payments to their ex- employees. I couldn’t remember the exact page number where it is available, but publish herein for your information.
Service up to 20 years – ½ month
Service from 20 to 25 years- ¾ month
Service from 25 – 30 years – 1 month
Service from 30 – 35 years –1 ¼ months
Over 35 years -1 ½ months
If you need any further clarification on this matter, contact any guy at P&W dept at FLO and then you will realize whom should be treated for so-called “brain problem”.
Coming back to increments, may be now Hayleys not giving “good” increments and it doesn’t mean at all that Hayleys didn’t give “good” increments in the past.
Bye Silva!
By: Wasantha on July 2, 2008
at 11:59 am
what comments you write clearly show you work for the welfare of direcotrs, pleasing them to get returns.
well done.
By: Silva on July 2, 2008
at 6:30 pm
wasantha
the annual report you talk. they may come in three wheel and give the nice smelling report in hands, it may smell good and good pictures to look, you can give it to grand child to play and look, but will not get anything in return.
those fancy words in reports means all true. try to get the money spend for those reports as benefit for each share holders
By: Silva on July 2, 2008
at 6:34 pm
wasantha..
what is your definition or understanding of thw word GENTLEMEN… THEN WE CAN UNDERSTAND YOUR THINKING AND OBJECTIVES..
jay
By: jay on July 3, 2008
at 10:30 am
Well..personally i believe its good that some one like Dhammika Perera could come in to the group. Becasue as a Business Minded person he might be able to drive the group to a different dimenssion but he has to get rid of the people like wasantha who serves Hayleys for 25 years who may never like a change.
Well personally I don’t know about the HR issues but Mr. Dissanayake is a person who wants to change the old tradditional way of Handling HR in Hayleys. And he wants a change there and that may be the reason he want to automate the HR processes through HRIS which is good thing to happen at Hayleys. [ i dont know whether he has any personal benefits via this ]
BTW..Hayleys BOD should change…they are vey old fashioned..thinkers..who dont have a proper vision..specially when it comes to IT issues… They cannot retain superb IT guys…heard that Group IT Manager who has implemented all the ICT related infrastructure and IT policy development ….at Hayleys… have left as well..mainly due to the conflicts which he had with the BODs…..
Hayleys is a nice place to hang out and spend the entire life time …[thats what most of the people who worked for 15-25 years is doin] but if you are a person who want to do some work…out of the box …you better find another company… becasue the people who were there for such long time at Hayleys will never ever let you work..becasue of their old fashioned thinking pattern…and culture..
If Dhammila Perera can come in to the board and change the culture…i m sure that Hayleys will do fine in the years to come..may be we can come back and serve the group again…specially we should get rid of the directors who drive around the city wasting shareholders money to put their children in to sleep….
MW
By: MW on July 3, 2008
at 2:05 pm
Wasantha needs to get a life. It’s obvious that he is stuck in the 19th century and looking at the world from rose tinted glasses cos he has been brain washed sufficiently by the Hayleys Board. Obviously his gratuity is all he cares about.
this is the problem with most of the people at Hayleys, it’s full of bums that warm the chairs in order to earn a salary. they waft in and out, happy in the knowledge that they dont really need to contribute in any way or justify their existence. counting their so called “years of service” is what matters to them most.
a conglomerate of this stature should be state of the art, not lackadaisical, sleepy and lazy. it’s time the old fogies of Hayleys released their deadly grip on hayleys and allowed some new blood to flow into the blood starved veins of the company.
i mean just because you’ve been with hayleys for donkey’s years doesnt mean you have the potential to become a leader, it only means that at the end of the day some old donkeys are trying to lead the company, not up the right way but down the garden path.
By: Dayan on July 3, 2008
at 2:55 pm
Dayan perfect.
I could not understand how wasanth can find hayleys directors do not have black money. No one knows what directors do.
Even their assistants cant find what directors do.
Wasantha thinks directors living in a glass house and others can see their live.
All hayleys directors are far worse then Robert Mugabe regime in Zimbabwe
By: Silva on July 4, 2008
at 12:51 am
all you gentlemen seem to have a lot of info about hayleys..but non have spoken about the pathetic situation in the Fibre segment of the group! Past draining of the Gem Rileys by pass directors, frauds in the hayleys exports…the Onril debacle are but a few issues which have been swept aside! PS Perera continues to groom him croonies and build his image at the expense of everyone and company!
By: Sudu on July 7, 2008
at 3:32 pm
Sudu, no one really know what is going on inside hayleys. so much corruption. Now it left staff to expose all dark matter.
All staffs are just working to live, while all directors are being at hayleys to enjoy the benefit of using all the facilities.
The company just moves with time. No improvement to the company
By: Silva on July 9, 2008
at 12:15 am
There is reference to me in this exchange as RY.
Since I no longer have superior influence over any past or present employee/customer/clent etc, I appeal to you to disclose to me ,where ,in my 41 year career at Hayleys, I did not perform !! I need to know this for my own conscience. (most of this at haycarb,sans car /perqs,but bus and 16 hr work days,(reminding you it is Haycarb that made Hayleys a Blue chip in 80s/2000, during which subsequent Bu’s sprang up, to ride the biz cycles.
I didnt confine myself to Haycarb but worked weekends and nights, on design,Personal probems of staff, E Shipping,. re org HO Bdgs,Hotels- no I never stayed and drank free -chk with Managers.
If they gave discount for work done , I tipped them more. i have some pride.
I may not have performed 2 1/2 yrs as well as Chairman, a role I never wanted- but I tried hard to unify the Group via top management education, esp via ISB ,to create cross border unity(common sub) and improve financial perfomance understanding and necessity, amongst the top 60 -hoping it wil lpercolate.I worked off hours on CSR & Tsunami.
I have no comment on advent of Mr Dhamikka Perera to the Board. Change is always good. Conflict is also good-to wake up people who slumber smoke cigars and criticize. Who themselves have not innovatedanything-innovation above competition, at rapid rate, being the cornerstone to survival if not growth.
I wish Hayleys/Haycarb ,both of which I love so much,and were /are my life(No major shareholding) a renewed spurt of growth.
By: Yatawara on July 22, 2008
at 3:41 pm
PS.
I would aso like to know details of the’fraud’at carbokarn ex Haycarb 1994 .I started it. Hc’s total outl ay with 6 month delay at Exch Control,
was Rs 36 mil for 50% Equity ,and from virtually year 1, returns have been several times this -annualy audited /periodically by Haycarb aud also,and annual data sent to Exchange Control- as it has done with all its foreign projects. A sum of Rs.600 m was not even earned to be robbed on top of what wasearned. Read Annual Reports.Were it not for this and later Indonesian Project,HC would have crashed by now-
Please surface facts- not sling mud -or spit upwards.
I have not earned One Cent which has not been approved by Superiors at Board as payable to me during my 41 years. I retired only with my EPF ETF & Gratuity- same for all+1/2 the shares I was entitled to at Haycarb under ESOP(same formula as other employees) because as a Director I was not given a loan, and had to sell half to buy the other half. It ‘irks’when I read these memos of ingratitude from people in service DEpts who got HC shares for no service at all.
MY WIFE SAID DONT CHEAPEN YOURSELF BY RESPONDING TO THESE STUPID COMMENTS.FOR ONCE I SHALL NOW LISTEN TO HER !!!
By: Yatawara on July 22, 2008
at 8:26 pm
Dear Mr.Yatawara,
First of all, glad to see your comments on this issue.
Few readers have made some valuable comments on this issue while many posted comments to show their total dissatisfaction over the present Hayleys management team. They (Bandara, Lalith, Jay, Sunil, Silva, Dayan, Mw & Sudu) specially fired at NGW, PSPSP, RAE,AH and SD. Only Wasantha made his comments in favour of Hayleys and because of that he was fired by the others. However, I feel he is still surviving at this forum while fighting with his rivals alone.
Sunil only made some allegations over 600 million foreign exchange fraud at Haycarb ( no details were submitted) and selling Kinetic machinery to NGW’s brother. Anyhow your name was not mentioned there.
By looking at this forum it is understood that something going wrong somewhere at Hayleys. Many employees are crying for good increments, many expressed their dissatisfaction over HR division and HR head Sunil Dissanayake. At import section at FLO, companies/sections are closing down one after the other mainly due to maladministration. But employees have to suffer ultimately.
You may remember, in 2002 for the first time in Hayleys history introduced a VRS for import companies in order to scale down the staff. Did any of those companied make profits after that? No. They asked several people to go and recruited many by now for higher salaries.
Can you remember CI program which was conducted by Ranjan Silva and Uma Khan? Did you notice any Continuous Improvement other than paying out millions and millions to above two robbers? They robbed Hayleys money and let employees to leave the company at last.
I as an employee made my strong protest to RAE over CI in 2002. I asked the same question from RAE and he said that he too accepted that CI was a failed project. Then whom to be blamed for introducing such “failed project” to the company? Did anyone who involved in CI come forward to take the responsibility? Finally innocent employees had to leave the company.
Even today the employees at import companies are not sure about their future. They blame the management for their inability to identify the “reality” behind the “downfall” of the company. According to them management has no perfect plan to develop the company other than “importing” so-called experts into the company. Said so-called experts “creates” positions in the company for their “friends” while chase away the long standing people out. They are sending employees from one location to another, saying in order to “cost reduction” and revert back their decisions within a very short period once they realized their own “madness”.
Therefore, I personally feel many employees currently at Hayleys Group are under tremendous pressure and they are with out “job satisfaction”. In a situation like this it is obvious that they are compelled to think of a “somewhat change”. As you said, I too believe, “change” is good, but not “always”. In the same way, for the sake of “change” I feel we should not jump out of “frying pan” to “fire”.
Finally, if you don’t get a “positive” response for the questions raised by you at this forum, I TOO FEEL IT IS BETTER TO LISTEN TO YOUR WIFE.
By: Lucas. J on July 23, 2008
at 11:28 am
Thanks Lucas.
For benefit of those unaware,Except Chairman,Exec Directors are heads of the major profit Centres/Service Centre.
AH (from Factory Manager 1983) a qualified foreign experienced competent Engineer,contributed immensely to HC growth,and was my 2- 1c for long years ,and was the obvious person to succeed me.Ofcourse we were friends-all at Haycarb were my friends.Would it have helped if we were enemies?
The same goes for JAGA,for NGW, PSPS for SM etc. They were the next most senior & competent.
Why doesnt somebody split Hayleys Group & share,Profit over past 30 years,amongst those who are and were such Profit centre heads, without speculating as to who would have been a better Chairman etc . Agree top leader must have ‘leadership”skills also- but must be 100%committed to the Group that pays his salary and perqs. Those only with good PR with all staff is not enough-must be able appreciate financial numbers speak /write in Pubic.
Agree with you re CI programme- but like all ,unless staff ‘buy into’and follow through any training /upliftment scheme it will be a costly death.
Retrn on Capital employed, combined with Value added per employee divided by tot av co st of an employee-incl perqs, are good benchmarks for diagnosing the problems in a Company-initialy.
The former must be >30-50%of Bank interest rates, and latter 2.0 pref 2.5-3.0.
Manufacturing companies are hit by infation and high interest without a counter balancing exchange rate. SO RoCE is low.No excuse-reality.
On the other front ( I excluded Main Board & Estates) the ratio was 1.7 . This means we have too many people(or too highly perqd/paid) for the value they create. Detailed digging tereafter. Yes Managers and Directors may have built these empires,and when the going gets bad employees suffer.
I have turned down some private sector /govt offers,because I want to be independent /apolitic & relax abit. So i have no fears to face criticism for both my actions/inactions- if it helps to releive the congestion in someones chest.Send it on!!!
I am not sure this forum was started by 1-2 disgruntled employees-perhaps an attempt to depress share price? attempt to oust Chairman?
Please dont use office time!!!
By: Yatawara on July 23, 2008
at 1:07 pm
Thanks, Mr.Yatawara for your quick response. Since I too retired from Hayleys & relaxing at home, I do not have a “period” called “office time” in my time table now. Therefore using “office time” will not be a problem for me other than paying more for electricity.
When you read comments from top to bottom in this forum, one can understand employees as well as people with links with the company are posting comments to this forum. At the beginning they commented for & against of DP and then turned into criticize the management. When you read the comments posted by Dayan, Silva & MW, you will realize it. They all need to have a so-called “change” by hook or crook.
Mr.Yatawara, I tried to explain the situation in the company, based on the information provided by the voiceless employees in the company. They are really frustrated and mentally depressed. They reluctant to express their ideas to the management because they know what exactly happened to few of them who did so.
However, I tried to show the problems from their point of view and you replied to it in a “statistical” way, which I do not know how far it is reasonable.
Also kindly note that these arguments made no affect whatsoever on Hayleys shares because Hayleys share prices have gone up from 125.00 to 138.00 despite these arguments.
I do not have any “specific” answer to your last question. But when you read all comments post to this forum, you can just imagine what it would be.
By: Lucas. J on July 23, 2008
at 2:43 pm
Oh ye who know so little and talk so much….
current and future Sup Court cases will reveal
1) Except for Mr.DSJ who inherited shares from his father, and bought more with his own money, legally, left it in trust ,income mainly family,then all to 5 charities,none of the other Directors were gifted shares for a nominal sum, by their preceeding Directors.
2)Most of the other Blue chips(some turning red with SC case verdicts) had 30-50% owned by Directors,benefitting from Dividends,but per tradition, passing on shares for a nominal sum, to their successors.
3)…. until quoted or stock market ballooned to 10 ? xvalue, and they kept them ,and became millionaires overnight, +financial & political might thereby. No bonuses.Adequate dividends.Next gen of Directors were passified with palliatives.
4) Hayleys Exec Directors never received Bonuses for 8-10 yrs, because ,Salary Perq studies in Merc sector included the above people-
but they got dividends,&profited (and how )on their share sales!
5) Their ESOPS schemes for business units they pioneered ,were too late in coming, too low in net benefit to all employees(not Directorsonly)
6) They pioneered busineeses from villages to global.Net Forex earned and retained in SL .Creativity sweat and toil.Against mixed economic policies in S all the while. Acquisitions and image superseeded Organic growth
7) Whats ‘gentlemanly’ about our, past?/present Directors referred to in previous messages? Despite being socially on par with peers in the Merc Sector, they were and are far poorer, but kept their own dignity of integrity .perseveered in creativity. waiting for economic reality to return.
the confines within which Hayleys Board have had to operate , on non export opportunities available?What type of Owners do you want to work for?
9) Judjing by the a)High quality of English but poor appreciation of what ethics/integrity mean in SL today, by some erudite contributors
b) poorer English(Ihave no bias- I hired many to HC) but good opinions by some other contributors
c) stupid factually unsuppurted barbs at Directors made by some(pumped from outside or within?)
i have finally decided to write no more to this forum.
By: Yatawara on July 23, 2008
at 9:35 pm
correction-5) read Our for Thier.
By: Yatawara on July 23, 2008
at 10:10 pm
Hello,
First all read all my comments, I never blame the past directors. I will salute SM, RY for their commitment and hard working. But no one can convince me that present board directors are gentlemen or good. I know all the games they play. I never seen such a lousy people like RAE, NGW, SD
Regarding HR head, it’s the worst person to head a HR unit. Can any one tell me that he understand what is Hayleys. Can he smell the hard working people of Hayleys? He just jumped into Hayleys group, tell me how many years he worked for Hayleys.
By: Silva on July 24, 2008
at 12:29 am
To Yatawara,
I still remember the last working day of yours, when all people standing side by side to say good bye, MR. RAE already given instructions to cancel all company given credit cards and other benefits as soon as you get into the car.
There is way to do this procedure, silently and behind the scene not in public way where all staff comes to know about this and makes jokes. All these acts make the employees feel there is no respect once out of the company.
By: Silva on July 24, 2008
at 1:03 am
Sorry all,
I am tempted to respond-where it is to correct misconceptions about ’systems’/authorisations.
1)RAE must have cracked a joke-re Credit Cards.
i had returned the 1-2 Corp Cr Cards I had or turned them into my name ,weeks before I retired. Only the key to my Office,Visitors( earlier Cman only)toilet,Bldg Swipe/ID, were handed over to my successor on last day.
2) Coy backed Credit cards has nothing to do with who finally paid the Bills and charged to Company. I will give authorisation to anyone, to list my expenditure,entertainment or otherwise, during my tenure as Chairman or MD Haycarb incl who was entertained re Cr Card useage. Pls elucidate who this’ donkey’ is who left a debit to Coy and decamped. Legal issue.Need follow up.
3)Directors expenditure even without Cr Card use
reimbursed by Coy, requires a higher (in Cmans case senior non exec Dir)Directors approval , pre or post, event, depending amount & category.
So dont run away with the idea a Cr Card enables one to charge personal expenses to Coy.
I am still awaiting details of carbokarn Exch Fraud
whether I am named or not. It cannot have happened even after my time- the numbers dont fit even in Kindergarten. Could there have been other Hayley Companies overseas without Exch Control Ok? I think not. But how much of covertly SL owned funds overseas laundry money,(no Exch Control knowledge) are being used to invest in SL biz control? Time may or may not tell!!!
3)
By: Yatawara on July 24, 2008
at 12:55 pm
Lets be honest.
The present Board is trying to resolve issues inherited from 30 years ago or more.
I am culpable, for not doing more in my 2 1/2 years as Chairman.
It all stems from 3 different ‘cultures’and management styles -
a) 25 Foster Lane ( Inland & HR)
b) 50 Foster Lane (Shipping)
c) 400 Deans RD (Manufring for Export)
Note ,b) was non Hayleys due to legal reasons for many years,until recently, and was run by a separate Board, and owned etc by the Directors. They ran according to the style needed by the Sector. Their ‘elan’ may not match others.
Note c) comprised Fibre,HC, DPL– and Finance & though they had subtle differences, & some failures,they had a performance driven culture of innovation and hard work. Incl their peripheral Units coping with raws weather, Factories Unions ,distances to manage, frequent shifts in Govt policy on Fiscal issues(Exch Rates/Inflation)
Note a) inherited inland Agri and Consumer/HR.
These kept expanding in OH size without ,value addition per employee costs, or justification on bottom line expectations, or more ruthless discipline- management styles.On white consumer goods they were up against local competition who resorted to duty free product diversion.
DSJ tolerated this diversity amongst his ‘golayas’
to get the ‘best ‘out of each. GB was my mentor also.
i was under pressure, by non exec Dir, to recreate Hayleys identity, get discipline financial discipline, and uniformity of culture in the Group, and bring some standards of HR- Development(not P &W) to be par /better than other SL Corps.
So dont blame the current Directors only- I am equally guilty, I could not acheive this- move more towards this goal in my time.
The sources /type of complaints appear to be from 25 Foster Lane – mainly naturally. please also state contestabe facts not sling mud, at anyone- you are protected by your pseudonym any where- or are retired like I am , and no one can sue you.
I’d like to think long term/short term warm Hayley blooded employees, current or past , were honest ’straight’ guys, who didnt contribute to “kala Pathra” on the web. Expose facts- dont gossip like women( sorry ladies).
By: Yatawara on July 25, 2008
at 9:59 pm
Why the silence?
Methinks- only me-It has nothing to do with DP/NP entry to Board and Shareholding.
It has more to do with people within /outside supporting oust of Chairman and disparaging Board, perhaps bootlicking DP/NP, to climb the ladder. Snakes & Ladders.
Certainly the Tech side of Manufacturing and overseas marketing ,handled by whoever succeeds present incumbents, will ‘crash’ if this happens. they are people headed by those who have a passion for success in their endeavours not glory in the local scene nor lucre.
Name any SL industrialists who for a Public Company have attained international supremacy for their home evolved technical products?
By: Yatawara on July 27, 2008
at 9:57 pm
I agree with Mr RY that this web should nit be used as a “kala pathra” about hayleys, but could be used objectively.
There has been a total calapse in the value system over the last 10-15 years. Every year we hear of a company suddenly crashing .This means that hayleys is unable to detect failing companies until it is too late.
By: Jayjay on July 27, 2008
at 10:07 pm
Dont think I a m trying to have the last word on this forum.
Jay Jays points are valid. Explanations are needed
re delays in Boards resort to Surgery!!!
I can explain Board thinking and actions over the past many years, and in my term as Chairman,I tried to educate/share this with staff at all levels, monthly or more frequently- via Reach, via ‘cluster committees’ which absorbed all levels of management from across the Group. If this knowledge was passed down, employees at even next levels would have been sensitive to the dilemmas faced by the Board and contribute ideas towards resolving these. If this forum is widely read enough I am prepared to expand.
BUT AS A HAYLEY FAMILY I DONT WANT TO DO THIS IN PUBLIC !!!
Last doubt to clear-I/wife never travelled 1st Class
air, only Business, even when Chairmen of other Companies did. EXCEPT when Airline concerned gave auto upgrades to all during a promotion month, or I paid the difference from my money!
Not even on FF points- not enough!
I never used Air Global credits for ‘ D’ whatever.
I and all Directors flew to Hyderabad ISB on Economy, together with all our 60 staff,as a team!
The ‘misconceptions’ amongst some employees is due to lack of awareness- how much to tell?
They must investigate .find facts and expose.
Finally- I think I am a humorist- maybe wrong.
To that contributor who says his grandchildren enjoy the smell, pictures,words and figures of Our Annual Reports, more than he does- wow, how lucky you are ! Its every parent’s dream to produce successive generations who are more sensitive,literate,educated,less crude than they are/ were!
By: Yatawara on July 29, 2008
at 1:54 pm
Hi Mr.Yatawara,
Sorry for the delay in replying.
Please don’t equalize this forum with a “Kele Paththare”. As Lucas .J said this is a forum where voiceless people in Hayleys can express their views/ ideas freely. Also there may be some people writing comments to this forum having hidden agendas in their minds.
I as a senior employee of Hayleys joining with this forum in order to disclose some discrepancies taking place in the company. As you said contestable facts! Not gossips!!
1) HR Head has adopted a new system of giving increments to staff by installment basis. 7% at the beginning and 3% after 3months, that is also depending on the performances. While considering the increasing of present cost of living and it is not enough at all. Don’t you think this is why many employees at Hayleys frustrated?
Titan agency came and went while P&G still surviving at a low profile. X-ray film dept and Conquer paper div. stolen away by the respective heads and no legal action instituted against them. Why is that?
2) Infocraft – This IT company commenced with the collaboration of another outsider was about to close down. The employees whom were transferred from Hayleys and other companies/divisions at the beginning of this company are now on the fence. Another VRS likely?
3) A leading figure in your company- Haycarb still gives priority to look after the welfare of a small made/nice looking lady than developing new business. Discrimination among the staff ?
4) HCPL – All the show rooms were gifted to another competitor while keeping only the debtors. Service dept at “Kanatte Junction” was finally buried at Borella, Kanatte after it was unsuccessfully re-located at Malabe. A lady officer who was there having no knowledge of HR was transferred to FLO under the newly recruited HR Manager, in order to prevent a VRS which she asked for. Another senior technician also transferred to Lighting div. at FLO for the same purpose. If our competitors can run the business with profits why can’t we? Where is the fault?
5) Manufacturing Div.- almost closed down after its longstanding head retired. Stocks/parts were sold at very much below the landing cost and several mates of a tall & fair guy were benefited. Is he working for the Company or for his own benefit?
6) A new lubricant man has been recruited as the head for HCPL and he made way for his mates to the company. Former Finance Head at HCPL has resigned over a dispute he had with this so-called expert and one of his mates replaced him in the company. Though we had a HR dept. at Hayleys, another person was brought into the company from next door as a HR Manager, may be to hire & fire. VRS was offered in 2002 to reduce staff/over heads and then why recruiting people again by creating positions?
7) According to this head’s advices, HCPL invoicing div. and 50% of Finance division located at Malabe in order to reduce cost and again re-located at FLO within several months, but do not know for reduce what?.
9) At many show rooms, corruptions took place, mainly at Matara and Piliyandala. But company had to maintain silence over those issues as they do not have a proper accounting and networking system to monitor them. This was brought to the notice of the management by the former show room in-charge who left the company several months ago but the management did not listen to him. Is that the way of investigation into such incidents?
10) The new Finance head at HCPL muttering of another VRS now saying at least two (one officer & a clerk) should leave from each and every the sections of the company as an attempt to build up the company again. Employees wondering why he is not leaving the company with his boss making a good example to others to follow. Also, employees asking why CRS not offering to both of them. In 2002, a VRS was offered and ultimately the purpose was not served. Then why another?
11) Former lighting head after whose senior assistant was robbed by an orange colour van, is now loitering here and there as a minister without a portfolio. Don’t you think that he is a burden to the company?
12) A senior marketing guy who stagnated at HCPL for many years finally decided to open his mouth before a tall/well built Hayleys Director, ended up with another competitor closed by. So, how we express our ideas/ views/suggestions while being in the service?
While reading your previous comments I feel like reading Chairman’s statements on a Hayleys annual report. I have disclosed some discrepancies/ irregularities happened/still happening at Hayleys. We do not need a statistical answer but urgently need an action plan to get rid of all these culprits who are responsible for these, for the benefit of the company/employees.
By: Mano on July 29, 2008
at 9:10 pm
Ha good. SUBSTANCE.
I am sure Hayleys Board members are reading this.I dont have to be an intermediary- I am not God, to be able to rectify past and present issues.
If the Board can create private committees and forums of staff at various levels to discuss these issues in a cordial open manner ,we can stop this Public web site. Perhaps CAU can create a website for Chairman and Board eyes only ,with no traceability to sender ID?
By: Yatawara on July 30, 2008
at 1:20 am
Hayleys needs to have a robust system to monitor the activities of all of its companies.
After all a company’s health could be assessed ONLY IF proper financial info is available.
When one goes back to think about the failed companies, there is much evidence to suggest that proper financial info was not available on many occassions. It is not very difficult to paint a rosy picture in order to survive in the short term.
Hayleys has many educated/qualified
/experienced people, but i feel that those in senior positions have not done enough to address this issue.
By: Jayjay on July 30, 2008
at 10:00 pm
Jay Jay,
I salute your wisdom, quality of writing,
Problem may be that the ‘demands’ of time and effort creativity,of employees on Hayleys major lines of bussiness, are beyond what is expected and paid for in the mercantile sector today, where there is more gain for less employee effort? No guarantees of employment, perqs .Probably low pay and high result based incentives.
With this comment, I bow out .
Thank you
By: Yatawara on July 30, 2008
at 11:18 pm
Dearest Hayleys Directors and Former Directors and present and senior Employees,
We are been former employees of this loved company know that that If this
person Dammika Perera wouldn’t been in this seen still this company would have been in the same earlier position. People were given an oportunity by Dammika Perera. But we know how Hayleys was well decipline and financially controlled during SK’s time and the hard work of our loving director RY and I feel this wasthe best period.
We bless this company who gave our life a real life and a proper carrier path will be safe and all genuine employees and all subsdiaries will be safe with the present Directors including Mr. Dammika Perera. For the safe side please take corrective measures immediately.
By: Lucky on July 31, 2008
at 10:48 am
Mr DSJ built Hayleys, Mr RY and Mr NGW built the two pillars, Haycarb and DPL.
Two businesses which have attained world leadership. Hayleys is where it is today owing to the untiring efforts of these gentlemen. They belong to a rare breed which is fast becoming extinct ALL OVER the corporate world.
No words could describe their qualities.
By: Jayjay on August 1, 2008
at 9:08 pm
Thanks Jayjay Im at least comfortable that few people have really talk about the reallity. Others have gained and at this position because of these giants.
Its right time kick off all culprits even big or small and make this company within our period. Bring the Mr. DSJ, Mr.RY’s, Mr.NG’s innovatiive culture back and send who has taken advantage out of this .
By: Lucky on August 1, 2008
at 10:27 pm
So Cool the floor . Mr. Dammika Perera any commence or any solutions for the present crisis of Hayleys? Any valuable proposals as a young and a energetic Director? Past Directors have made this company a Blue Chip what next ? Any suggestions or proposals from the present floor?
By: Lucky on August 3, 2008
at 11:18 pm
Dear Lucky, DP was not yet appointed to Hayleys board.Anyhow,He has been invited to the board as a non-working director.
Mano, you have given the exact description of HCPL and what is going on there now. Thanks for that. I heard that HCPL head, according to yours, lubricant man has already resigned w.e.f. 31/07/2008.
Also, HR chief at HCPL was asked to leave by the top management. I am wondering why the same order can not be executed on the Minister without portfolio too?
Would like to hear from Mr.Yatawara at least once again on this new developements.
By: Nuwan on August 4, 2008
at 1:07 pm
Both traditionally and legally neither Mr.DP once a Director ,nor the Board are allowed to make statements on their plans for the Company except via the Stock Exchange & Press.
Thats the prerogative of Politicians ,& Unquoted Companies.
Like SM- once retired ,I have absolutely no connection with the Company or its Board, giving advice only if asked- this is rare, because once out of touch, one cannot ‘feel’the pulse,nor be knowledgeable on day to day events, nor do I think I am cleverer than the wide spectrum of highly qualified and experienced people it now has.
I think an apology to SM from those who singled out NGW & I for praise,is warranted. He introduced a) expanded gratuity scheme for ALL employees b) Introduced Hayleys ESOP whereby all empoyees-except Directors- get a share of the annual Dividend (dont confuse this with the Jayasundera Trust).He also expanded Commodity Fibre into value added products plus Gherkins.
I came into this forum not for praise – what do I need it for- I am not looking for Directorships anywhere nor Govt positions.- but to keep Hayleys name from being besmirched by anyone.
Please as a favour ,leave me out of further involvement? Thanks.
By: Yatawara on August 4, 2008
at 8:50 pm
Yes Lucky, DP was appointed as a non-executive Director with effect from 1st August 2008, according to Sinhale hot news latest news article published today.
By: Nuwan on August 5, 2008
at 1:59 pm
what is the latest about Minister without Portfolio? Papers have advertised without any portfolio in some land in Malambe to be sold is it belongs to Hayleys ?
Any culprits ? Take action MR. DP
By: Lucky on August 7, 2008
at 11:15 pm
Yes, that land which was advertised on last Sunday papers belongs to HCPL. They are trying to sell the land and settle their debts to Hayleys. (HCPL to settle more than 400mn to Hayleys as debts, but their expectation from land is about 220mn. How to settle the difference? Also that is their only fixed asset they have after being in the business for so many years)
Minister without portfolio is reportedly assigned to collect debts on Consumer Durable sales in addition to overlooking ware house at Malabe.
It is said that DP has attended to his first Hayleys board meeting yesterday.
By: Nuwan on August 8, 2008
at 9:11 am
Interesting comment by Mano on Haycarb (point no 3) which has gone unnoticed. The progress of Haycarb was slowed down due to this. Secretaries & “secretaries”.
By: Samboo on August 8, 2008
at 7:41 pm
That (according to Mano,giving priority to look after the welfare of a small made/nice looking lady) must be much profitable for him than developing business!!!!!!!!
This is over to you,DP !
By: MLP on August 9, 2008
at 9:45 pm
We have heard Mr. DM as a bad person. Jack Pot, getting shares hook or crook etc., Now your in a situation to show your talent. Do some creative and excellent work and show the country what hidden talent you have to really improve this Company rather than only showing short comings and acting only on short comings. Good Luck.
By: Lucky on August 15, 2008
at 11:36 pm
For latest comments, kindly refer article title ” Dhammika Perera on Hayleys Board” which was published on 15th july 2008 on this web.
By: MLP on August 17, 2008
at 10:43 am
Dimo is doing well so let Hayleys Relax with all these problems as they need a break. Mr. DM take care
By: Lucky on August 20, 2008
at 12:12 am
The floor is very quite. Thanks that all Hayleys major problems were announced and settled by this floor. My regards to all under this floor. Thanks that all are benefited in some way. Hope all will get minimum 15% increments. Puff
By: Lucky on August 23, 2008
at 4:47 pm
i had/have a few shares of hayleys exports in the coir sector (shares bought from my hard earned money over many years – very HARD EARNED!)
Recent wage fraud at HE, no accountability for the Onril debacle and since a gentlman had mentioned Omar Khan – I would also like to point out the centralized services in the coir sector!!!! the purchasing was a failure and was scrapped after one year or soo…but still the companies them selfs incurre a heavy monthly cost paying out moneys to “centralized services” of HR and Finance!
Also since someone had mentioned about Sunil D – i would like to say that the comments i hear about the HR guy in the coir sector is not all that good either! said to be a businessman who mixed it during work hours and also have said to have had a history in his last work place!
Sectory companies have thier own finance, then pay to the sector finance and then also pay to various “financial” service providers in Headoffice, same with HR – no wonder the sector companies have hit rock bottom!
I hope some HEAD in Colombo (Dont mind even if its the jack pot king) takes a closer look at this sector and even closer look at what exactly is the sector head MR.PS is doing or not doing!
By: coir shares on August 26, 2008
at 8:55 am
Dear Coir Shares,
My sympathies to you! I was once in the same boat but i sold my shares seeing that Colombo has given total rights to P.S.Perera & Co., to run the show in the coir Sector!
His sector “head office” is said to be more posh than the Hayleys head office itself! but only a % of the place is used! the rest is used up by his ego!
This HR guy you have mentioned is said to be taking the sector for a ride with the blessings of PS!
Said to be even using the official facilities to promote his business!
Oh and the sector also has a Professor without portfolio!
And yes Onril – did you know of the hayleys Colombo board, only Ebell visited the place?? that too after Hayleys lost control and for merely a Board Meeting!
If this Onril failure had taken place in another Company – PSPS & krishan (of Rileys) would have been taken to task and held accountable – but hey this is PS’s kingdom and a part of Hayleys, where directors live and let live!
And if by any chance anyone from the Board is reading this – please take action or the next thing you know is that you will have to close down the coir sector…the origin of Hayleys itself!
And as for Mr.P.S.Perera – please say a prayer every given moment as you are damned and cursed!
Coir Shares – please get out while you can – do not expect any improvements – PS is here for the long run!
By: Lee on August 27, 2008
at 9:31 am
Its not fair to use this site to only for past and present Hayleys Members to criticize. But for me it was a Company who gave me my carrier a proud one. If you see other blue chips companies too will be have more serious things to see. So at the end we respect our hero Mr. D.S. Jayasundera. These new guys at HR other places are their a proper Union ? Oh its only for clerical and minor staff? Why dont you contact Mr. Bala Thampoo for executives rights?
By: Lucky on August 27, 2008
at 9:57 pm
I heard that this web site is now not accessible from Hayleys Group.What a silly effort taken by the management to prevent its employees knowing the real truth regarding the company? We are almost in 21st century and none can prevent others knowing news in a world where growth of IT & communication sector reaches its maximum level.
May be employees can not access to this web while they are in the company. Once they off for the day, do you still believe that your employees will stick to your rules & regulations?
Mr.DP, please ensure the right of your employees to know the truth as well as inquiring into the alleged fraud which believed to be taken place in an associates company overseas.
Please ensure the rights of the employees and punish the culprits, Mr.DP!
By: Lanka.S on August 29, 2008
at 11:54 am
Expose this Foreign Exhange Fraud, of Haycarb presumably at CarbokarnThailand,, during my time or otherwise.Come on!
i said previously, annual audited returns are sent to Exch Control, and the numbers show clear profits and tax paid,and dividend remitted.
Would You like it if annonymous letters went to your wife, without facts or proof that half your salary was being used to support a secret mistress?
This is Company Money- far more serious.If there are real men not ‘poofs’ contributing to this forum- come out with data.
I feel strongly because ,Haycarb was my “Baby’ for whom I sacrificed my personal family life, for many years,and never benefitted financially as much as heaps of others have, over the years , including Hayleys as a Group.,Mr Jayasunders and his trust., and the thrust of Hayleys to Blue Chip, enabling Mr.J, and some other Directors to be invited to other Company Boards/Govt positions /pays and perqs/prestige/ whilst they drew all salaries and perqs from Hayleys Group, where their individual contributions to the bottom line was zero/negative.Exclude DSJ who was like a father fgure to many,and did good tax planning etc, but rememeber he was a beneficiary more as a shareholder than an employee.
All that is history.
I value my reputation for hard work, creativity and absolute integrity, in Haycarb,before and immediatelly after me.Thats all I leave behind for my children, both biological and the staff I perhaps motivaed to stay /or join the Company.
Be decent- dear contributors Whateve names you come under.
Give me the data and chance to purify Haycarb & my name?
By: Yatawara on August 31, 2008
at 2:01 am
Mr.YATAWARA,
Kindly note that fraud is not relevant to Carbokarn,Thailand. According to the available information that is related to some other asso. company located overseas.
Can not disclose the name of the ompany until the investigations are completed.
By: Lanka.S on August 31, 2008
at 5:52 am
Okay I will shut up…BUT why did someone in this forum bring up Haycarb or Carbokarn name, in a forex fraud? Just flinging mud due to an individuals personal grudge against this Company or some of its Directors? Paid for by Competition? Paid for by jealous employees of other companies,in the Hayleys Grp or outside?
I write under my own name boldly- I have nothing to hide.
My wife has called me ‘cheap’ for getting embroiled in this.
I am naturally emotional and passionate about my 41 yr career, so I get hurt. Just go back 35 years, what Hayleys was, and became, and why, and relate Hayleys earnings them days to todays rupee value,and how it got funds/asset base to borrow, for new ventures.
Even how rich a shareholder then has become.
BYe
By: Yatawara on August 31, 2008
at 2:14 pm
Be cool Sir, We have nothing against you.
It is now better to listen to your wife.
Thanks for your contribution for this forum.
By: Lanka.S on August 31, 2008
at 3:43 pm
The Director who is said “promoting” his pretty little Secretary instead promoting the business handed to him on a platter by Yatawara after years of hard work has now successfully placed his relative at DPL at the “expense” of a senior manage – who had since resigned!
….and then they lived happily ever after!
By: simon on September 3, 2008
at 3:35 pm
Coir Shares / Lee – finally someone sees and says about the mess in the fibre sector!
Hope NOW the Colombo Directors get out of thier offices and makes a few visits to the sector.
By: sudu on September 3, 2008
at 3:44 pm
I’m a person resigned from one of Hayleys companies due to a conflict some time back and now working overseas.
I see typical Sri Lankan’s charactreristics when reading this forum. Some people within the same company trying to create bad name for the company.
This is the exact quality of typical Sri Lankans: they are not proud being Sri Lankans; always blame another set of Sri Lankans for current status of the country without doing their job properly.
If you are unsatisfied of the company cultuer or performance get out of that company and join another/ better one. If you are a good worker enough opportunities out there. You don’t have to get involved in this kind of un-professional postings.
In Sinhala – we call it “Ange indagena kana kanawa”
I think the first task of the board of directors is to identify these people and get rid of them !
Those who write here are expected to be mostly English speaking/ computer literate people (so called Professionals ??) but still they are typical Sri Lankans !
Mr Yatawara, If you are real RY, pease remember “balloth ekka nida gaththoth negitinna wenne makkoth ekka”.
Sorry to be anonymous !
-citizenofsrilanka-
By: citizenofsrilanka on September 5, 2008
at 9:28 pm
Dear citizen of sri lanka (or should I call you kalu sudda??)
How can you without being in the soup, make comments about how hot it is – on your own admission you are not even in it.
I agree with you that it is not very nice to bite the hand that feeds you – but what happens when the feed is such a little and “hand” enjoys luxuries that the mouth can see – it is only natural that the mouth would, while feeding take a nip of the hand as well.
If all the above was just mud slinging, why has access to the website been denied to the employees?
Why cannot the responsible parties explain the various accusations to the staff???
Remember there is no smoke without fire.
Anycase obviously you too could see what was coming, which is why you have left the company. In the conflict, were you in the right or in the wrong that you left???
what about the unfortunates, who although English speaking and fairly well versed in computers cannot get alternate jobs? They have no option but to stick on – everyone is not as fortunate as you to be able to find foreign jobs.
Obviously this forum has been seen by the top people at Hayleys – so I suppose it is up to them to deny the allegations or inquire into what is inferred.
Best Regards – On with the battle
CEE
By: cee on September 6, 2008
at 4:34 pm
Dear citizen of Sri Lanka,
Kindly note I too was at Hayleys for nearly 16 years and left the company NOT as a result of a “conflict” but due to my own future prospects. Still I am in SL and working for a Sri Lankan Company.
Since Hayleys was my first work place and I was there for nearly 16 years, still I couldn’t erase the memories of Hayleys. I have many friends at Hayleys and therefore I am aware of the new developments at Hayleys during the recent past.
It is regret to see that you have asked Directors to take action against those who have expressed their criticism with regard to the current situation of the company. We all know that there is no way to criticize the management within the company. I know very few who did so either were sacked or harassed. Hence, I feel this is a good forum for the voiceless employees of the company to express their ideas/ views/ comments freely. On the other hand, if the Directors are going to take action against the employees who disclose the discrepancies/wrongdoings taking place in the company for the benefit of the company/employees, I must ask you “Kumata erata adhikaranaya, neethiya saha vinisuran?”.
If the employees made any false allegations against the company/ any individuals, no doubt they are subject to punish. Otherwise, relevant authorities should take appropriate steps to stop or at least to minimize the discrepancies/wrongdoings (as described in this forum by Bandara, Lalith, Sunil, Silva, Dayan, MW, Sudu, Lucas.J, Mano, Coir shares, Lee, Lanka.S & Simon) happening in the company.
People like you can define this forum as a “Kele Paththare”, not only I but also many in this forum don’t think so. That was proved even by RY by making a substantial contribution to this forum.
You have told RY, “if you sleep with dogs, you will have to get up with bugs”. By saying so, it seems to be that you need to keep him out of this forum, because according to your opinion, posting comments to this forum is something like “sleeping with dogs”.
However, that “Sinhala Kiyamana” can also apply to you as well because you also posted comments to this forum. Therefore, be careful of “bugs” hereafter.
Banning the access to this site within the company will not make any sense/impact for the ongoing crisis in the company. Whether we accept it or not, we all should respect to the people’s right to express their ideas. Therefore, I feel the best solution is to have a reliable & honest dialogue between the management and the employees of the company in order to settle this dispute.
As cee said, I too totally agreed, “there is no smoke without fire.”
By: Ranga on September 7, 2008
at 3:28 pm
It is only on Wednesday 27th August that I got to know of this website in which there were various unwarranted criticisms and comments expressed regarding Mr. Wickremeratne, Mr. Dhammika Perera and other directors of Hayleys.
I also noticed that except for Mr. Rajan Yatawara (whom I greatly respect) NO ONE ELSE seems to have had the courage to disclose their identity. This itself casts many doubts on the credibility of that posted on the webside.
My first response to these comments is to draw your attentions to the words of our Lord Jesus Christ as found in
• The Gospel according to St. Luke Chapter 6 v 37 “ Judge not, and ye shall not be judged: condemn not, and ye shall not be condemned: forgive, and ye shall be forgiven:
• The Gospel according to St. Luke Chapter 6 v 41 “And why quibble about the speck in someone else’s eye (his little fault) when a board (a major fault) is there in yours”
• The Gospel according to St. John Chapter 8 v 7 “If any of you is without sin let him be the first to throw a stone at her” – this was when the Jewish leaders wanted to stone a woman who was caught committing adultery
I believe ALL the teachings of all the other great religions of the world also teach us all the above principles.
Let us ALL attempt to live by the teachings of our individual religions and reflect on our selves rather than dwell on shortcomings of others
By: Niru Fernando - Dipped Products Ltd on September 10, 2008
at 5:40 pm
My association with Dipped Products Ltd, goes back to 1985, when I was recruited to design and build in house a glove manufacturing plant (the 3rd production plant) based on the 2nd production plant which was imported from Spain. In the context of the mid-1980’s where almost everyone was buying manufacturing plants designed and built by foreign parties this was truly a pioneering effort and was entirely the brain child of fearless leaders like Mr. Wickremeratne.
Hayleys had a culture of creating value addition to the agricultural products of Sri Lanka – the decision to design and manufacture production plants in Sri Lanka, was an extension of this culture by bringing out the full potential of scientists, engineers and other professionals in Sri Lanka. Most of the various manufacturing plants of Dipped Products Ltd., were designed, built, installed, brought into commercial operations and thereafter modified to meet emerging product requirements entirely by in-house technical personnel, without any foreign expertise. This clearly shows that Hayleys is technologically driven, and that technologists in the various difference fields, find it a satisfying place to use their knowledge for the betterment of the organization, the Sri Lankan people and the country.
At this time when there is a clarion call by the leadership of Sri Lanka, to revitalize the agricultural sector, strengthen local manufacturing and increase exports, Hayleys has a lot to offer. The way forward is not to cause divisions, but to unite and take constructive steps to ensure Hayleys once more takes foremost place in creating value addition to local resources.
I reiterate that the synergies in experience and knowledge of both Mr. N.G. Wickremeratne and Mr. Dhammike Perera as well as all the other gentlemen in the Hayleys Board, should be the catalyst for taking a giant leap forward in face of the global challenges.
Hence our focus should be to meet these challenges and not in non-productive slanderous comments from “gentlemen” who wish to remain anonymous.
Again, may I say that let us critically examine OUR OWN SINFUL SELVES before we CRITICISE OTHERS.
By: Niru Fernando - Dipped Products Ltd on September 10, 2008
at 5:48 pm
Niru obviously realises that there are things to be judged, things to be forgiven – and that there is a spec. – Most people at Hayleys, according to this forum seem to think so. Actually, if you read between the lines, what everyone seems to be asking is for Mr. W and DP to do something about the shortcomings –
Anycase, I think you are obviously well looked after – REMeMBER Niru it is the guy who has the sore that feels the pain.
By: cee on September 10, 2008
at 8:32 pm
Its good going now . Everything is out now. Action plan to restore. May be out of this forum at least 10% should be really corrected . Other things can be one sided. So why dont take some serious action rather than we put out further many things. We really devoted to built this company in the past as youngsters with many rules. Its not the time to jokers to enjoy. Serious people take action.Common all highly qualified people take this serious. Dont allow others to show their colours.
By: Lucky on September 10, 2008
at 9:53 pm
Mr.Fernando,
I really appreciate your effort for providing an introduction with regard to DPL. I am one of the senior executives, still working at Hayleys Group since 1978. Therefore I have little more experience with Hayleys regarding its traditions & culture than you.
Yes, It is true only RY and you have written to this forum by using there real names and others (including me) have written their comments without disclosing their own identity. You as a Director of DPL can freely “praise” the management by disclosing your identity. If I as an executive “criticize” the management for the benefit of the employees/company, you may not agree, but it is a well known fact that it will be the end of my career at Hayleys. I have seen many of my collogues who criticized the management with proven facts (“contestable facts” as RY said) were axed deliberately one after the other. I have few more years to serve in the company and therefore I do not want to get committed suicide now itself.
I also can submit many “words” of many “religion leaders” but those will not make any impact whatsoever on this issue. Whether we like it or not, there are few issues were raised in this forum by many people and regret to note, by willingly or not none of such issues were addressed by you through your text.
If the management has a “genuine intention” to resolve these issues, they can do it even without checking the “identities” of the people who disclosed those malpractices & discrepancies which took/taking place in the company. If the management still needs to check the “identities” of said people, before inquiring into such allegations disclosed in this forum, that means the management only needs to punish such people rather than chase away the culprits who are responsible for those malpractices/discrepancies.
Finally, what we need is to have an action plan with specific deadlines to run the company in a profitable way while eliminating the culprits who are having their individual agendas for their own benefits.
By: An employee on September 11, 2008
at 3:46 pm
Will anyone look into the recent JV Issues in the Coir Sector???
- Onril
- Toyo Cushion – China
- Hayleys Exports – Indoneshia
I really thought PS would have learnt from Onril – but if its other peoples money – why worry???
Colombo head? will you ever ask PS to STOP>>
Oh and i am also told that some workers have made some decorations along the Volanka Wall in praise of the management!!!
I may not be a employee…but i have MY BLOODY MONEY in those companies by investing in Hayleys Exports!
By: coir shares on September 11, 2008
at 9:02 pm
Hi the floor is boring. May be because of the death of former employee Mr. J.J. Ediriweera of Hayleys Engineering Ltd. Hayleys Directors should plan how to absorb some BOI shares into Hayleys Group and requesting a Directoroship there. This task can be given to the Human Resources Manager. This will benefit all parties.
By: Lucky on September 15, 2008
at 9:33 pm
The floor is boring, not because of JJ’s death. Because, the management is not responding to any of the issues raised in this forum positively. Though, on and off one or two replied, their answers are like ” Yanne Koheda? Malle Pol”
By: Ranga on September 16, 2008
at 9:43 pm
Wonder what happend at the 17th meeting where DP also was present.
Hope he was able to see through all the lies and deceit!
By: coir shares on September 19, 2008
at 8:46 am
Why dont you name this web as
“Halyley News” rather than having a separate bulletin and this will hep all sectors.
Marriages, Deaths , Business, Threats , Oportunities, Vacancies, Salary Increase all these tropics can have. i will appeal to the editor to all present and past employees to help this web including the present Human Resources Manager.
By: Lucky on September 21, 2008
at 11:00 pm
Lucky, don’t you know this web site is already banned at Hayleys Group?
Hence asking Hayleys people to help this web site or asking editor to name this web site as “Hayleys News” is a joke.
By: Ranga on September 22, 2008
at 11:54 am
Good News. When its banned more news and people will see write . Good for this web site. When a film is banned before screened its more interested than normal. Keep it up. All hidden this of this loved company should come out for the benefit of the future of this company. But the editor should make ensure that this web is used identify the correct loopholes. Because we old people have grown and our carrier was developed because of our honest hard work at Hayleys during DSJ and SM s Period . Other puppets are at this position of beacuse of the past. Will the new people will join a company that is going to close?
By: Lucky on September 22, 2008
at 10:15 pm
Due to banning this web site within the company, number of insiders who made comments to this forum has come down drastically during the recent past. But that doesn’t mean insiders are now not visiting this website, according to the internal informed sources.
If necessary, you can keep your mouth shut. But you can not expect others to keep their mouths shut forever.
Anyway it is a good news.
By: Ranga on September 23, 2008
at 10:30 am
The huge white Elephant of the Fibre segment the Volanka Services is the best place to be!
After sucking out whatever possible from the companies in the sector – it had made a profit and to cap it all even had declared a BONUS!
No prices who got the largest slice!!! PS Perera himself!
No wonder the posters claim to be saying the senior managers have swallowed the earnings of the workers!
Costs are asked to minimized, worker OT is cut…but that does not stop PS Perera from taking he entitled overseas tour!! of course he is entitled, but a sacrifice would have been very much welcome!
Oh and have any of the directors who are entitled for a 2nd car given it up to save any cost by the way? Surprisingly….NO!!!
Why should they, it is the working class that need to sacrifice!
By: coir shares on September 23, 2008
at 4:12 pm
Hi the floor is so cool. May be all would have got their Annual Bonus including the Human resorces Manager in installments and stages of perfomance thats why all are quite.
Heard Mr. NGW’s foreign speach about water resources. Keep it up the good work. This company should success. Our blessings. But keep rats out.
By: Lucky on September 28, 2008
at 12:43 am
To: Mr.Dhammika Perera (Director)
Dear Sir,
I am a clerk at Hayleys Ltd and totally depend on my monthly salary. I have a family to maintain in addition to many commitments towards my old parents. As far as I know, Hayleys is a company which comes under shop & office act. According to the act, our monthly salary to be paid at least on the working day which prior to the last working day of each month. Apart from that this was further clearly stated on the collective agreement which is still in force in between the company and the federation. Accordingly, in September last working day is 30th and therefore salaries should be paid at least on 29th.
Even after the computers took over the company payroll system, I must say this has been perfectly followed for the last so many years. At the beginning, salaries were transferred to respective accounts through HNB, by the way of bank transfers and later through HSBC online system. Sorry, I didn’t know much about “this systems”, because I am not an IT guy, but knew very well our salaries had been credited to our bank accounts on time in the past irrespective of the system of remitting it.
Very recently, a tall, slim, well educated, double accountant who is having roots to down south took over the wages section and introduced a “new system” of remitting our monthly salaries to our bank accounts through HSBC. (Some calling it “Internet Banking”, but I exactly do not know what the correct name is) However, entire clerical & minor staff of Hayleys did not get their poor salaries for the month of September credited to their accounts until today (30th). Since tomorrow is a bank holiday, we will have to wait until 2nd October and it is an “unbearable long period” for all of us in clerical & minor staff.
Dear Sir, non receipt of our monthly salaries on time is a very unfortunate incident in a company like Hayleys and it led many day to day hardships on us.
Therefore, Kindly look into this matter as soon as possible and advise the relevant officials to take appropriate steps to prevent this repeating in future.
Thank you Sir.
By: Poor employee on September 30, 2008
at 9:07 pm
May be this tall guy is a Muslim celebrating and he is not bothered. But if not this Union CMU known as a leading union wihout fail should take immediate action. Being former old employees we feel very sad about these small small things are effecting the morale of the company. May be One day delay may be getting something underhand . Puff. This is normal and reasonable. Thanks Sakvithi
By: Lucky on September 30, 2008
at 10:33 pm
Hayleys has a set of donky aged employees who are against anything new to them (no matter good/ bad) – They protest as a habit.
You come with any new/ latest concept, these jokers (even more powerful than board of directors) will first try to make it impossible to work or make the life misarable to new people. I, as a newly joined employee facing this problem at present heavily.
The funny part is BOD tolerating these jokers.
Hayleys need a BOD who don’t care for so called “social responsibility” to make it a real business with a good working culture. This may be a ruthless statement, but it will definetely increase productivity & future employment generation for the company/ country.
One step is to get rid of funny gratuity (slab) system. This will partly ensure those just-sitters or passengers out from system leaving space for new energetic people. Presently people who has a fashion to work are leaving in less than 05 years since no development with those forlks stuck there.
By: Another employee on September 30, 2008
at 11:16 pm
Correction- I refered not for aged employees, but those with donky years of service, but good for nothing people.
Also Mr DP can look OT & other allowances of Hayleys Clarical/ Minor & drivers to see how poor they are paid.
By: Another employee on October 1, 2008
at 9:30 am
You said that Hayleys has a “donkey aged employees” who make protest for any new concept as a habit. Now you made a correction to your previous text saying it should be the employees with “donkey years of service”.
One thing you must keep in your mind, if those “donkey aged employees” or the employees with “donkey years of service” did not sacrifice their time & knowledge for the company, there is no company called Hayleys for you to work at present. They may have some weakness, but if they didn’t work properly in the past, company would have been closed long long before.
Also note in the past no AC rooms for everyone, no company maintained cars for everyone on or above Asst. Managers, no hospitalization insurance covers for the entire family and no foreign tours as of now. That means they worked under less privileged environment. Therefore, don’t insult them or don’t let down their supreme sacrifice.
Whatever your definition may be for the longstanding employees in the company, the company itself made and still making recognition for their “long service’. That is one of the outcome of the Hayleys culture and it will not be changed only because of a dog barks!
You being a new comer (according to the new version so –called “young blood”) couldn’t understand or not in a poison to understand the reality behind the success of the company. People like you always think that you only can make miracles, you are the superman and others are just sitters. But very soon you will realize who you are and who are they.
When we were at Hayleys, we also came across very few “swollen-headed” people like you who vehemently reject “social responsibilities” of the company towards its employees and they finally kicked out by the management for the benefit of the company and its employees.
Be sure that Hayleys is not a company where “slaves” are employed. In the past and even at present, the company maintains good business turnovers while making satisfactory relationship with its employees. I feel that is one of the main reasons behind the company success.
Not only Hayleys BOD but also many blue chip companies realized the necessity of “social responsibilities” and that is one reason why the companies including Hayleys have a separate chapter also in their annual reports for “social responsibilities”.
Yes, you can do business by cutting off employees’ privileges, entitlements and rights, you can increase productivity by treating employees as “slaves”, you can earn more & more money by delaying and/or non paying employees’ remunerations. In other words, you can earn money even by killing dogs! ( what social responsibilities towards dogs)
Then you will become a “Seri Vaanija” in deed and not a “Kajja puta” at all. (Please go through “Serivaanija Jathakaya” to see the difference between those two)
Coming back to Gratuity slabs, kindly note those things were not just offered by the employers but gained by the employees as a result of their trade union actions. Hence, whether you like it or not, the Hayleys employees will never ever allow people like you to change those policies.
If you do not like it, when you leave the company at least after completing 5 years (feel better if you can leave the company before that) you can collect your gratuity entitlement together with your final dues and donate to some beggars who are on the road close to “Davatagaha” mosque close by.
By: Ranga on October 1, 2008
at 1:29 pm
I agree with Ranga that one has to give due regard to those who drived the company to current status by sacrifising time, knowledge & energy. I’m refering not to those supreme drivers, but only to pessengers. Hayleys has no mechanism to show the door to those guys. It is one of the main reasons for Hayleys being behind its expected performamnce levels.
No point talking about history (vanse kabal gema). If potential candidates do not rate Hayleys as a “select employer” future is at risk.
At present those who realise “who they are” are leaving; and joining the club of Ranga.
Ranga, most of employee perks you mentioned are those demanded in given period of time. What was in 100 or 50 years back is totally irrelevent now. In 10 to 20 years from now we will say these were difficult conditions.
It is important that HAyleys recognise & award good service rather than long service !
Most of so called separate chapters in annual reports for “social responsibility” is funny. If an organisation does its business ethically & within legal framework it operate that it self is is social responsibility. Don’t mix up social service & corporate social responsibility. We pay tribute to Hayleys for being great corporate citizen with no support for bribes, curruption, or illegal activities. And all those who sacrificed to creating such culture. (all those who read current news would know illegal activities of some blue chips with lengthy annual report chapters for CSR)
I was not talking about cutting off employee perks of previlages. In fact Hayleys has to increse those at present. Also I don’t believe that Hayleys would have willfully delayed or not paid any employee dues in its history. It was also evident with facts in earlier example salary delay is due to technical reason known to them (even though any delay is not acceptable and could have planed better) and not for save or gain from that delay. What I have specifically mentioned was the issue of funny gratuity system; Hayleys can pay good performeres better so that they stay happyly and eventually they get better slice of gratuity when retiring after long service.
Anyway Ranga, Hayleys has lost people like you for what ever reason !
By: Another employee on October 1, 2008
at 9:59 pm
What are you all talking? So far we haven’t receive our Sep’08 salaray. 3M Silva showing colours. But we are in deep trouble. Husanga!
By: A clerk on October 2, 2008
at 9:56 pm
Hi all, be cool !
Please read this joke…
Which is really smart, Intelligent And Out of the box…!!!
(caution this is slightly Non-Veg! Joke, But, not offensive)
Enjoy!
A beautiful teacher was having trouble with one of her students in 1st Grade class.
She asked,”Boy. What is your problem?”
Boy answered, “I’m too smart for the first-grade.
My sister is in the third-grade And I’m smarter than she is! I think I should be in the 4th Grade!”
Madam had enough.
She took the boy to the principal’s office.
While the boy waited in the outer office,
Madam explained to the principal what the situation was.
The principal told Madam he would give the boy a test And If he failed to answer any of his questions he was to go back to the first-grade
And Behave. She agreed.
The boy was brought in and the conditions were explained to him and he agreed to take the test.
Principal: “What is 3 x 3?”
Boy.: “9″.
Principal: “What is 6 x 6?”
Boy.: “36″.
And so it went with every question the principal thought a 4th grade should know.
The principal looks at Madam and tells her,
“I think this Boy can go to the 4th grade.”
Madam says to the principal, “I have some of my own questions. Can I ask him?”
The principal and the boy both agreed.
Madam asks, “What does a cow have four of that I have only two of”?
Boy, after a moment, “Legs.”
Madam: “What is in your pants that you have but I do not have?”
Boy.: “Pockets.”
Madam: What starts with a C and ends with a T,
Is hairy, oval, delicious and contains thin whitish liquid?
Boy.: Coconut ;
Madam: What goes in hard and pink then comes out soft and sticky?
The principal’s eyes open really wide And
Before he could stop the answer,
The boy was taking charge.
Boy.: Bubble-gum.
Madam: What does a man do standing up,
A woman does sitting down And
A dog does on three legs?
The principal’s eyes open really wide And
Before, he could stop the answer…
Boy.: Shake hands.
Madam: A finger goes in me. You fiddle with me when you’re bored. The best man always has me first.
Boy.: Wedding Ring.
Madam: I come in many sizes. When I’m not well,
I drip. When you blow me, You feel good.
Boy.: Nose.
Madam: I have a stiff shaft. My tip penetrates.
I come with a quiver.
Boy.: Arrow.
Madam: What word starts with a ‘F’ and ends in ‘K’ That means lot of heat and excitement?
Boy.: Fire-truck.
Madam: What word starts with a ‘F’ and ends in ‘K’ & If you don’t get it, You have to use your hand.
Boy.: Fork.
Madam: What is it that all men have one of,
it’s longer on some men than on others, The Pope doesn’t use his And A man gives it to his wife after they’re married?
Boy.: SURNAME.
Madam: What part of the man has no bone
But has muscles, Has lots of veins, Like pumping,
& Is responsible for making love ?
Boy.: HEART.
The principal breathed a sigh of relief And
Said to the teacher, “Send this Boy to grade 5,
I got the last ten questions wrong myself!”.
By: Reader on October 3, 2008
at 7:46 am
Another employee/Reader, Don’t tell cock and bull stories. Even today we have not received our September month salaries.
By: A clerk on October 3, 2008
at 11:11 am
Dont worry your salary is sure will get it . People like old age KM without working , got their monthly salary and perks and other things on due time.
This can be a genuine delay. Hayleys will never purposely delay these type of things.
Please accept and help the management.
But Management should take immedaite corrective measures to correct this.
By: Lucky on October 3, 2008
at 9:44 pm
NGW addressed UN private sector forum on food and water sustainability. But we are still without our Sep’08 salary. We informed the relevant officers already. But their response is very very poor. Who will take care of us? This is the 4th day we are without our pay.
By: A clerk on October 4, 2008
at 6:42 pm
Management Lessons:
Lesson 1
A man is getting into the shower just as his wife is finishing up her shower, when the doorbell rings.
The wife quickly wraps herself in a towel and runs downstairs.
When she opens the door, there stands Bob, the next-door neighbour.
Before she says a word, Bob says, ‘I’ll give you $800 to drop that towel.’
After thinking for a moment, the woman drops her towel and stands naked in front of Bob, after a few seconds, Bob hands her $800 and leaves.
The woman wraps back up in the towel and goes back upstairs.
When she gets to the bathroom, her husband asks, ‘Who was that?’
‘It was Bob the next door neighbour,’ she replies.
‘Great,’ the husband says, ‘did he say anything about the $800 he owes me?’
Moral of the story
If you share critical information pertaining to credit and risk with your shareholders in time, you may be in a position to prevent avoidable exposure.
Lesson 2
A priest offered a Nun a lift. She got in and crossed her legs, forcing her gown to reveal a leg.
The priest nearly had an accident. After controlling the car, he stealthily slid his hand up her leg. The nun said, ‘Father, remember Psalm 129?’ The priest removed his hand.
But, changing gears, he let his hand slide up her leg again. The nun once again said, ‘Father, remember Psalm 129?’ The priest apologized ‘Sorry sister but the flesh is weak.’
Arriving at the convent, the nun sighed heavily and went on her way.
On his arrival at the church, the priest rushed to look up Psalm 129. It said, ‘Go forth and seek, further up, you will find glory.’
Moral of the story
If you are not well informed in your job, you might miss a great opportunity.
Lesson 3
A sales rep, an administration clerk, and the manager are walking to lunch when they find an antique oil lamp. They rub it and a Genie comes out.
The Genie says, ‘I’ll give each of you just one wish.’
‘Me first! Me first!’ says the admin clerk. ‘I want to be in the Bahamas , driving a speedboat, without a care in the world.’ Puff! She’s gone.
‘Me next! Me next!’ says the sales rep. ‘I want to be in Hawaii , relaxing on the beach with my personal masseuse, an endless supply of Pina Coladas and the love of my life.’ Puff! He’s gone.
‘OK, you’re up,’ the Genie says to the manager. The manager says, ‘I want those two back in the office after lunch.’
Moral of the story
Always let your boss have the first say.
Lesson 4
An eagle was sitting on a tree resting, doing nothing.
A small rabbit saw the eagle and asked him, ‘Can I also sit like you and do nothing?’
The eagle answered: ‘Sure, why not.’
So, the rabbit sat on the ground below the eagle and rested. All of a sudden, a fox appeared, jumped on the rabbit and ate it.
Moral of the story
To be sitting and doing nothing, you must be sitting very, very high up.
Lesson 5
A turkey was chatting with a bull.
‘I would love to be able to get to the top of that tree’ sighed the turkey, ‘but I haven’t got the energy.’
‘Well, why don’t you nibble on some of my droppings?’ replied the bull. They’re packed with nutrients.’
The turkey pecked at a lump of dung, and found it actually gave him enough strength to reach the lowest branch of the tree.
The next day, after eating some more dung, he reached the second branch.
Finally after a fourth night, the turkey was proudly perched at the top of the tree.
He was promptly spotted by a farmer, who shot him out of the tree.
Moral of the story
Bull Shit might get you to the top, but it won’t keep you there.
Lesson 6
A little bird was flying south for the winter. It was so cold the bird froze and fell to the ground into a large field. While he was lying there, a cow came by and dropped some dung on him.
As the frozen bird lay there in the pile of cow dung, he began to realize how warm he was.
The dung was actually thawing him out!
He lay there all warm and happy, and soon began to sing for joy.
A passing cat heard the bird singing and came to investigate.
Following the sound, the cat discovered the bird under the pile of cow dung, and promptly dug him out and ate him.
Morals of the story
(1) Not everyone who shits on you is your enemy.
(2) Not everyone who gets you out of shit is your friend.
(3) And when you’re in deep shit, it’s best to keep your mouth shut!
THIS ENDS THE FIVE MINUTE MANAGEMENT COURSE
By: Reader on October 4, 2008
at 7:13 pm
Please check all necessary salaries been credited.
Many work in the month of September.
Take care. Pls confirm the accuracy .
By: Lucky on October 6, 2008
at 12:38 am
Lucky, what nonsense you are talking?
Today only wages dept paid us our Sep’08 salary by cash. That is also after making several requests during the last few days. They said due to a technical fault, salaries were not credited by HSBC. Just see how many days wages dept. and HSBC took to realize that there was a delay in paying of salaries.
Even today, our salaries were not credited to our bank accounts. That is why wages dept. paid us cash. So, what you said is totally wrong. If you can’t believe what we said, just check with Wages Dept. at FLO.
One more thing. We heard that many executives at HIS (Hayleys Industrial Solution) didn’t receive their September salary yet, thanks to 3M Silva’s new system. Not like us, the executives can not demand anything and therefore they will have to wait whenever their salaries credited to their respective accounts.
Breaking news! None of the members attached to clerical & minor staff of HIS received their Bonus & COLG balance payment yet. What a pathetic situation? Do they run short of money? Who is responsible for it & why staff members should suffer in such a way?
By: A Clerk on October 6, 2008
at 4:40 pm
Sales Targets
“One Sale”
A keen Texas lad applied for a salesman’s job at a city department store. The store was the biggest in the world and sold everything under the sun.
“Have you ever been a salesman before?” the boss asked during his interview.
“Yes, I was a salesman in Texas,” the lad answered. The boss took an immediate liking to him and told him he could start the next day.
“I’ll come and see how you made out after we close up,” the boss said.
The day was long and hard for the young man, but
finally it was 5 o’clock. The boss closed up the store and found the lad sitting, slumped and exhausted, in a chair. “How many sales did you make today?” the boss asked.
“One,” said the lad.
“One?” said the boss, obviously displeased. “Most of the sales people on my staff make 20 or 30 sales a day.
How much was the sale worth?”
“Exactly $101,334.53,” said the young man.
“How did you manage that?” asked the boss,
flabbergasted.
“Well,” said the lad, “this man came in and I sold him a small fish hook, then a medium fish hook, and finally a really large hook. Then I sold him a small fishing line, a medium one, and huge one. I asked him where he was going fishing, and he said he was going down the coast. I said he’d probably need a boat, so I took him down to the boat department and sold him that fancy 22-
foot Chris Craft with twin engines. Then he said his Honda Civic probably wouldn’t be able to handle the load, so I took him to the vehicle department and sold him a new GMC 1-ton pickup truck.”
“You sold all that to guy who came in for a fish hook?” the boss asked in astonishment.
“He didn’t come in to buy a fish hook,” the Texas boy explained. “He came in to buy a box of tampons for his wife, and I said to him, ‘Your weekend’s shot. You might as well go fishing.’ “
By: Reader on October 6, 2008
at 8:02 pm
It is useless to response to “Reader’s” comment. At Hayleys employees are undergoing many hardships without getting their salaries on time. But this fellow is trying to teach us Management lessons.
Seems to be “Reader” is a lunatic.
By: A Clerk on October 6, 2008
at 8:35 pm
Please see whether Mr. Dammika Perera has got his entitlements by delaying the salaries?
Why he is quite?
By: Lucky on October 7, 2008
at 10:22 pm
Lucky,
First of all, try to understand what “a clerk” & “poor emplyee” said without being in the same boat with “Reader”.
It is a well known fact that salaries for several employees delayed and COLG balance payment & Bonus for HIS staff are not yet paid due to some reason.
By delaying and/or non-paying salaries and other cash benefits to the staff, neither DP nor anyother Hayleys Director will be benefitted personaly. Sometimes company may be benefited for not exceeding the POD limits or reducing the POD limits in bank accounts.
Anyway for the current situation in the company, all executive Directors should take the responsibility before raise finger against DP – non executive Director.
Everybody knows what are Director’s entitlements/perks and non of the employees made any fuss over their perks. Hence entitlements and rights of ordinary employees also to be protected by the management.
Lucky, Don’t lie again! Don’t try to white wash the management! Be impartial, please.
By: Ranga on October 8, 2008
at 9:13 pm
Dear Ranga,
Why don’t you focus on doing some productive work at least at your current work place ?
(leave aside 16 years you pretend you worked ay Hayleys)
By: Reader on October 9, 2008
at 4:57 am
Thanks for the advice.
Anyway, make sure “Owa Denu Para hata – Thama Sammathe Pihita Sita”
Bye.
By: Ranga on October 9, 2008
at 8:59 am
I think you are all lunatics with no commitment to serve the Company that pays your salary!
By: Lalindra on October 10, 2008
at 8:27 am
That means, even RY and Niru F’do ? Wow!
Anyway, We don’t care what lunatics said.
Because lunatics always think everybody otherthan him/her living in this world are lunatics. That is their thinking patern and it is very natural according to their mindset.
Feel sorry for you, Lalindra.
By: Ranga on October 10, 2008
at 3:00 pm
- be cool -
“Advice For The Asking”
A young man is reported to have approached
the renowned composer Wolfgang Amadeus
Mozart (one of the great musical prodigies of
all time), and asked, “Herr Mozart, I have the
ambition to write symphonies and perhaps you
can advise me how to get started.”
Mozart said, “The best advice I can give you is
to wait until you are older and more experienced,
and try your hand at less ambitious pieces to
begin with.”
The young man looked astonished. “But, Herr
Mozart, you yourself wrote symphonies when
you were considerably younger than I.”
“Ah,” said Mozart, “but I did so without asking
advice.”
By: Reader on October 10, 2008
at 6:01 pm
The world is moving while you stagnant personailities are looking through stale anecdotes and griping about what’s ailing the very Company’s growth that you are paid to work for; so at least now the Ranga’s, the Readers, the (un) Lucky’s and whoever else should get back to doing some productive work and “earn ” your respective salary- which might come a tad late in the month I might add!
By: Lalindra on October 12, 2008
at 5:55 pm
This forum has turned to look and sound like some sort of parliament.
Issues which were initially taken up have been swept aside and now just jokes and nonsense been said!
Sometimes i wonder if the “management” themselves had a hand at this to smoke screen their shortcomings!
I hope Dammika to will not loose focus – God Bless Hayleys if he indeed DID!
By: reading on October 13, 2008
at 3:01 pm
“Good Answer”
No matter who you supported in the primary,
this is just simply a wonderful response by
Jon Stewart to a stupid question:
Is America ready for a black president?
In Larry King’s interview with Jon Stewart,
Larry brought up the subject of the primaries
and asked Stewart if America was ready for
a woman or a black president.
Jon looked at him quizzically and said, “This
is such a non-question.
Did anyone ask us in 2000 if Americans were
ready for a moron?”
By: Reader on October 13, 2008
at 8:41 pm
So everyone is happy finally got the salaries . Dont just critizise the Management this is just a matter of settlement.
Accept ratherbthan critizising. Many are without food and water around the world.
By: lucky on October 19, 2008
at 1:44 am
Lucky – with all due respect,
Why is it that always that the small people that who get the chop, who are not given decent pay hikes, asked to cut cost, asked to cut overtime, asked to cut travel cost….when the fat cats go freely spending! they get their increases, if not in salary by some other hidden perk, they take their entitled foreign holidays, keep using their 2nd cars, drivers, charge all perks to the company starting from the daily news paper!
Well…many are without food and water around the world indeed…but some have enough food to make their pet dogs obese and water to have their own pools and Jacuzzis!
By: reading on October 20, 2008
at 4:38 pm
Lucky,
How can we be happy without receiving our monthly salary on time? last month salary payment was made after delaying for 7 days. That is also after making many requests for many people.
COLG bal. payments & Bonus for HIS staff not yet paid.
So, stop talking nonsense anymore, Lucky!
Dear reading, well said sir.
Even NGW spoke about food crisis in UN. At Hayleys, his own employees are struggling to get their salaries on time.
“Loketa Parakase – Gedarata Maragathe” ?????
By: A Clerk on October 20, 2008
at 9:37 pm
Hi Everybody, after a long time!
Glad to see this forum is still active. Also noticed some are trying to divert this forum from its original mission to something else. As “reading” said., I too believe “management” may be behind this, just to cover up their incapabilities.
Here, some hot news, anyway “bad news” which will never ever be published on “Hayley news”.
1)HCPL is once again offering a VRS to its staff members. However, HCPL decided to pay 6 months more in addition to the Govt. compensation formula.(Wandi Sooththrya). This is the second VRS issued by the company during the last 6 years. Even after the first VRS offered in 2002, company couldn’t achieve the expected targets due to maladministration/corruptions took place thereafter. Many employees left the company in 2002 by accepting VRS and step by step company replaced many or if not all of them. Hence, the expected results by scale downing the staff not achieved. By knowing very well, the first VRS was a flop, why trying the same method again and again? Why not suggesting a CRS (Compulsory Retirement Scheme) for the “Big Shots” in the company who are trying to adopt methods, once failed?
2)Since Malabe land was not yet sold and having unsettled debts over 500 million to Hayleys, how the company finds money to pay as compensation? Don’t know whether the company decides to block out the Malabe land into small pieces and gift those to the VRS recipients instead of money.
3)Anyway, a good decision was taken by HCPL management to re-call dynamic Zubair. Former lighting head is now almost like a horse with broken legs. That is the fate he is deserved for.
4)Hayleys MGT/ADC, which was incorporated when distinguished Deputy Chairman MJCA was at Hayleys is now on the fence. Last year MGT made around 5 billion US $ as profit but had to pay around 2.5billion (almost 50%) as dividends according to a decision taken by Hayleys Board. Out of that 2.5billion, 46% went to Hayleys for their stake in the company. This has happened during the last few years. Apart from that debtors of MGT goes beyond 12.5million US$ and collection of same is not so possible due to current economic crisis in the world.
5)However, at the moment MGT is facing a massive problem in their cash flow due to declaring high dividends yearly & non collecting of debts on time. Now MGT is running on short term loans and bank overdrafts for which they have to pay at least 135,000 US$ every month as interest. By looking at the interest that pays to banks monthly, you all can imagine the depth of the hell there are now in.
6)Not only that, during the last few months staff salaries were also sponsored by the banks. In other words, staff salaries were paid on bank overdrafts. MGT has many orders to supply knitted fabrics overseas, but have to kneel down before the banks to open up LCs to import yarns owing to poor fund management. Meanwhile MGT employees claim that this is beyond either energetic BW’s or poor BMW’s control and Hayleys board should bear the responsibility for looting their profits by the way of declaring high dividends every year.
7)In addition to all above, MGT creditors also going high up day by day due to non payment and those are also accumulated in billions US$.
8)Ravi & Rileys too not doing well, according to reliable sources. Their employees are permitted to carry out bargain sales targeting other company employees’ salaries on monthly basis. I personally feel this is a very miserable situation and some one should look into this ASAP.
9)In the mean time I heard a short, walking speed “Big Shot” in this company got caught to DP for submitting false figures. Also, couldn’t understand why learned HCSM, still be silent amid all these things happening there.
10) Not only the Hayleys staff salaries for the month of Sep’08 but also the Bonus and Cost of Living arrears payments to be paid for Hay.Industrial Solution Co; in mid September were delayed until the 2nd week of October 2008.
11)Much controversial human head’s fuel bill for a month exceeds well over Rs.30,000.00, but the employees saying no “output” accordingly.
Dear Directors/Shareholders/Employees, Don’t be too late! Please come forward to protect Hayleys from culprits!
By: Lanka.S on October 22, 2008
at 2:41 pm
If these are True culprits should be hanged in present of employees at the car park of Head Office. Dont delay. Hire a hanger please.
Reference to Ranga S.
By: lucky on October 23, 2008
at 12:06 am
Fibre Sector is in deep trouble – Mr.PS went on a guy ride tour last month – MR.Krishan on tour at present!
I doubt if directors of other companies will take overseas vacations when thier companies are in deep trouble!
By: Lee on October 29, 2008
at 8:52 am
‘Newa Gilunath Band Choone’
By: A clerk on October 29, 2008
at 9:37 am
Breaking News! PSPSP is now on the fence, after got caught to DP badly. He might resign soon.
Good move, anyway.
By: Ronie on October 29, 2008
at 6:33 pm
I heard not only PSPS Perera, many like Ravi Ind.Director A.W.Dharmawardena, former Brandix product who is currently serving as the Fiber Group HR Manager Sumudu, Chas. P.Hayley Dhahanayake who jumped continuously from CPH to Volanka, Volanka to Hayleys Export Limited (HEL) and HEL to Rileys Ltd also leaving the company very soon.
If they are the culprits, no doubt they should either leave or be sacked by the management for the benefit of the company/employees.
Then what would be the action that should take against the top management who protect those culprits so far and who couldn’t identify those culprits until DP identified them and highlighted them?
Very sad situation at Hayleys! Must act soon.
Appamaado Amatha padam – Pamaado Machchuno padam!!!
By: Lal on October 31, 2008
at 5:02 pm
Now stop this old stale news and concentrate in your work . At least you have your Job and getting a Monthly salary.
How Many people are there without any food/ Job
By: lucky on November 4, 2008
at 3:48 pm
Lucky,
I am not a Hayleys employee. I am doing business and simply because making comments to this forum on and off , I am not lossing either my business or income.
You are talking about food and job.But I heard some employees of the company didn’t get their monthly salary in last September on time.
Just see what Lanka.S has written above and those are the main issues at Hayleys at present.
Help to have a good discussion on those issues, rather than talking nonsense.
By: Lal on November 4, 2008
at 9:12 pm
US Dollar is rising to the advantage of Hayleys Group. Mr. Dammika Perera your good time is coming ask for a good salary increment or some other facilities. Later share with our hard working employees.
By: lucky on November 4, 2008
at 10:04 pm
Im not the same lucky in Blue Cage. Im Green Lucky .
By: lucky on November 4, 2008
at 10:08 pm
Sorry,
I referred to lucky having blue cage.
By: Lal on November 5, 2008
at 11:20 am
Forgive me for my ignorance Lucky (Blue Cage) – Does a problem solve itself when it gets old or does it have to be looked at an really solved for it to be considered solved?
Issues here have been raised, many times and many people – but the question is, has anyone at the top looked into it??
They should look into all these allegations and prove they are a big load of lies or if otherwise..take action..(Or will they not????)
By: Lee on November 5, 2008
at 5:56 pm
Hi Lee,
Good reply.
I was informed by the employees, around 10 employees have left HCPL with effect from 31/10/08 accepting the VRS offered by the company. Apart from that 4 or 5 HCPL executives including a lady and a very senior Manager were asked to leave the company by accepting the proposed VRS.
Meanwhile, employees are under the impression that this very senior Manager should have been sent home in 2002. According to them he is an utter useless man who survived in the past thanks to his boss, a vet. surgeon. This cunning Vet. surgeon played out in late 90’s and left the company afterward. Once his boss left the company, this Manager bent over before everyone for the sake of his job.
It is also learnt that all other executives who were asked to leave the company are having services less than 10 years. Since these executives reluctant to tender their resignation, management decided not to allocate any work for them. Now they are paid for reading news papers and for using official phones.( May be a good tactic to discourage them from coming to work)
At Ravi Ind. Limited, employees are waiting to see that their MD –RRIF who is having only few more years to serve in the company also join with PSPSP.
By: Ronie on November 6, 2008
at 4:48 pm
hi
I’m commenting after a long time – what Ronie says is nothing new – there are many employees at Ekala who are paid for reading news papers and enjoying all the benefits with no work given to them because they didn;t accept the vrs.
this seems to be a common practise. I wouldn ‘t mind working for this company – I wonder if they pay well.
cee
By: cee on November 7, 2008
at 7:30 pm
Hot news from Hayleys Group.
Around 400 minor employees attached to Venigross at Weliweriya in Gampaha district staged a protest in front of the Hayleys HO during the lunch time today and again in front of the Labour Secretariat in Colombo 5.
Their main demand was to reinstate few workers whose services were terminated by the management due to various reasons.
Informed sources said these workers belongs to a JVP union and a former JVP MP also among the protesters.
DP, be careful about these JVP fellows!
By: Ronie on November 7, 2008
at 9:53 pm
Agree with Ronie about RRIF.Grapewine says reason to seek extension was to have a shot at the elusive 100 Million profit mark set by Rileys some years back and grab a GMC post by carrying tales of all and sundry at Fibre and bumsucking to the Chairman!
But instead now might be remembered as the record breaking loss man in the history of Ravi.
Kala Kala de – Pala Pala de! Sadhu.
By: A clerk on November 7, 2008
at 9:53 pm
RRIf is hard working man. He has no “hora Business” or does not promote “my people who look after “pol estates”. Ravi problem is due to “exchange rate” not created by RRIF. If he is bad top people of Hayleys never give extension.
By: priyan on November 8, 2008
at 5:12 pm
Priyan,
I know who RRIF is much better than you. Before he crossed over to “Export” companies, he worked in an “Import” company called Hayleys Engineering Limited at FLO. Even at HENG, he did not perform up to the required standard. That is why he left the company.
Your argument is, if RRIF is a bad person, why Hayleys gave him an extension? My answer to your question is “RRIF got that extension not because he is good, simply because the management is “so weak’ to find a suitable person to replace him. That is the reality behind that issue.
Also note Hayleys present Chairman NGW is also on an extension. So how ethical for him to turn down a similar request made by one of his “Golayas” ?
How do you say the “exchange rate” is the main reason for Ravi Industries current situation ? Then how the other export companies such as DPL, Haycarb & Hay. MGT surviving? (Lanka .S. said Hay. MGT is still doing well, but their profits are looted by Hayleys management annually by the way of declaring a very high dividend.)
Generally, Hayleys management could not identify the people as to who is good and who is bad.
That is why the people like RLH,SGJS,SKG,VNW,Ms.KE,IP,CIA,EFE,TMJ were able to survived in the company in the past and that is why people like FS,SD,RRIF still surviving in the company.
By: Ronie on November 9, 2008
at 5:22 pm
Well said ronnie.
Priyan,’exchange rate’ is a red herring to hide the real reason.Good Doosra!
Last year we heard it was similar, but the accountant did the rest by big over valuation in stocks.DP you can check this out.
Priyan,wait for the “Flipper”
‘Konde bandapu cheennunta ova……”
By: A clerk on November 10, 2008
at 2:12 am
Priyan,
Good thinking – to show profits, over value the stocks in hand! Over to you DP….
Please click the following link to see what exactly happening in hayleys
http://www.dailynews.lk/2008/11/10/bus02.asp
Now what have you got to say?
By: Ronie on November 10, 2008
at 8:01 pm
i was told that sinahale.wordpress.com has been blocked for the haylese staff….. and access to the above conversations were dined.
And the staff is disappointed about this act!
By: saman on November 10, 2008
at 10:21 pm
I dont know where to start and where to reply. Lets forget everything and meet on 06th December at Hayball.
To much pressure for people who are working and people who are relaxing also.
Lets enjoy this period. Chapter Clsoed.
By: lucky on November 10, 2008
at 10:28 pm
Saying losses are due to exchange rates is a big hog wash!
The other side of this coin is – were the past high profits then due to favorable exchange rates then???? and not due to any good management or sales etc???…
its a matter of success having many fathers and failure being an orphan!
Oh another direction which needs to be looked at is – what were the group treasury doing?? how will this reflect on them and their PMS????
By: Lee on November 11, 2008
at 11:48 am
Hats off to the organisers of Hayball who have given all an opportunity to have a good time once each year.
Maybe this year there will be a few Bally’s memberships on offer for competition winners!
By: Sue on November 12, 2008
at 11:36 am
Piyasena – MD incharge of Fibre is another one that should be sent home! All sorts of fraud take place right under his nose but always pass on the blame to other people.He pretends to work hard – My foot – only for his private benifit.Hayleys Exports which was making tons of money under Gordon has been run down as Piyasena owns no shares of it. All the profit are made at Volanka where he has a major share.
He got a job for his daughter at Caltex via CPH Lasantha. Now Lasnatha is the best factory manager & suddenly CPH has become highly proftable – no suprise- now can pay fat bonus to Lasantha for finding his daughter a plush job!
His coconut estate is looked after full time by senior manger & the henchman at Natthandiya factory but paid for by Hayleys! Henchman was recently caught in a massive Diesel fraud but the inquiery was swept under the carpet! Henchman knows too much!
DP & other Directors, please make independent inquiry in to this persons activities before its too late!
By: Kamal on November 13, 2008
at 2:44 pm
Ravi Fonseka will resort to lowest level to show he is the one. We here that last week he has requested all his senior managers to write to this forum praising the boss. Poor guys have no choice but curse & do so.
We also heared that by the year end he would have taken 42 days leave & further taken most number of foreign trips within fibre, at company expense. Which apperently were of no benefit to Ravi. No wander Ravi is heading for a record loss!
By: concerned on November 13, 2008
at 2:47 pm
So this has become the Hayleys Group web site. “Good or Bad write Us”
But make ensure that few papers exist during Premadasa regime ” Kinihira” etc now no skeltons even to see.
Use this as a useful web for good things .
Good Luck to present Hayleys employees and Board your views .
We are poor old ex people. See , read and satisfy.
By: lucky on November 13, 2008
at 9:39 pm
Indrajith Piyasena’s CV
hi its me again,
its really interesting to know that day by day real culprit is coming out.
you must see the real CV of the piyasena, it has been circulated among the fiber group managers. no one will believe that this kind of curupptions from a Managing Director at Hayleys group except Haycarb MD Ananda Hettiarachchi.
others are anxiously waiting to see how Hayleys Board will handle this sort of rouges.
reliable sources said that IP will getting protection from Board Director Godamune.
will others support Godamune……….
Bye see you t the Hayball..
By: saman on November 14, 2008
at 8:22 pm
Hay … good going!
Culprits are exposed to the public one after the other. Don’t wait until they resign and go. You all have a good opportunity to kick them off on 6th December 2008 at the hayball.
Do it for the benfit of the company and its employees, please.
By: Suraj on November 15, 2008
at 7:04 am
its really nice CV about Indrajith Piyasena,
i wonts to forward it to readrs oF http://www.Sinhale.wordpress.com
this is full letter we recived on last Friday 14th November by post…..
This is about IP nohoth “SaRaPaYa”
Since Indrajith Piyasena was very worried about the over heads, we are earnestly requesting him to set an example to other CEO’s such as HCSM/RRIF (CG)
1. @ campus IP was called “Sarapaya” (He was a snak)
2. why IP approve over Rs. 150,000/= as a rent for Kotadeniyawa Project (it was own by his gajaya) if you suspend this project we can save more than Rs. 4 million per year.
3. IP gets commission around Rs. 500,000/= from Kotadeniyawa project from adjustments of CoCo Fibre Stocks. due to this fraud Industrial Fibre Company is lossing Rs. 6 million per year.
4. Volanka Exports Pay IP’s Estate Manager Ranaweera’s Salary (IP’s Estate Coconut Plucking and Sales, Fertilisering of the Trees and Care taking of the Estate is done by Ranaweera) for this company is spending over Rs. 1 milliom per year.
5. IP nerver allow any manager to go on overseas business trips he always travel and not a single new business added to the company. we spent Rs. 2 million per year.
6. Ip never visited factory floor for last 10 years and he doesn’t know any issuees about the factory. why we keep this moppet at the company if we fire him we can save Rs. 12 million per year.
7. Shiran is lopping at the factory with out a job. He is scratching IP’s Balls, It’s obvious only Shiran has special permissiom from IP to keep his wife Malkanthi also to work at the same company premises at hayleys group. for this joker company is spending Rs. 2 miilom per year.
as per writer of the letter Industrieal Fibres can Save Rs. 27 Million with out any Issue.
we can see some developments comming weeks to come …..
have a nice week end
Gaya
By: gaya on November 16, 2008
at 11:35 am
Good work done, Gaya.
Can anyone in this forum publish the CV of Sunil Dissanayake who claims monthly around Rs.100,000.00 for fuel , Rs. 40,000.00 for telephone calls charges & another 25,000.00 to 30,000.00 for his residence utility bills such as telephone, water & electricity?
If anyone can do it, we all can compare his CV with IP’s CV and judge who is worst out of these two culprits.
Mr. RY, we know that you are still reading this forum. But we have a doubt whether your old board colleagues are reading this forum. Please ask them to read this forum (never mind whether it is a “kele Paththaraya” or not) and to have a close eye on these culprits whose irregularities are disclosing day by day.
I am not going to say the details which are published in this forum are 100% true & accurate. But… ” there will not be a smoke without a fire”
Thererfore, please Mr.RY……..please.
By: Ronie on November 16, 2008
at 6:36 pm
Dear Ronie, I, too, am not going to say the details which are published in this forum are 100% true & accurate. But… every body who associates fibre sector knows the details revealed about RRIF are 200% correct.
RRIF is trying hard to please PSPSP only to survive his extension. It is a common secret that he is going on extension just because of his little son. Fonny believes if the society come to know that father is retired, that will have bad impact on his son’s image! ! So he decided to stay for another 2 years, no matter Ravi Industries get ruined afterwards. FONNY’S ONLY HOPE IS NEXT ONE & HALF YEARS !
That is why he always speaks of next one & half years ! NEXT ONE & HALF YEARS ! Ravi employees are said to fed up of hearing that.
These days he is screaming at Ravi employees asking them to reduce cost by cutting overtime of poor workers, dismissing 02 security personnel, cutting down fuel allowance for managers etc. etc.
But he never talks about a single sacrifice from his side. He enjoys 02 company maintained cars with fuel bills exceeding Rs. 120,000/= per month, holiday bungalows, foreign trips at company expense, even the Sunday Observer bought by the company is taken by Fonny on Monday morning. His frequent Indian visits are said to sponsored by poor Indian suppliers of Ravi who provide him with accommodation and drive him form that kovil to this temple .. so on …
At Ravi, there are 7 people to handle commercial, 50TEUs export/ month – 1 MD, 1 Manager, 1 assistant manageress (lovely little mistress of Fonny who handles less than 20% of commercial work but 100% of Fonny’s affiars), 2 executives, 1 secretary, 1 driver cum peon….. ALL 7 .. .. ha .. ha .. ha …..
Of course the Hardware show attended by Fonny & little asst. manageress NR was a real success to them– no buyers, no orders for the company……….. but a new baby son to them (2nd son of Fonny whom he himself calls HARDWARE SHOW BABY!)
All the nonsense is at the expense of company and now the poor employees are paying for that. Dear Mr. DP, it is high time you take immediate action against this “WASALAYA”. All Ravi employees are waiting to see that day ! The day the truth will win ! THE TRUTH WILL WIN!
By: Eagle on November 18, 2008
at 7:52 pm
A battle between sarpaya and wasalaya!! hope the colombo board will look in to these allegations fairly! and if found guilty – bloody well sue them!
As for RRIF trying to please PSPS – what i heard was that it is RRIF and IP who pulled the rug from beneath PSPS’s feet! and PSPS is said be aware of this!
By: Lee on November 18, 2008
at 9:51 pm
oh what a “SaRaPaYa” & “WaSaLaYa”
we have to worried about most outstanding “HORA”
he is non other than “SaRaPaYa”
By: saman on November 18, 2008
at 11:01 pm
Hi Friends,
Breaking news from Hayleys Limited.
No get-togethers, trips and other entertaining events in all Hayleys subsidiaries/ associates companies individually or collectively other than the Hayball.
This decision was reportedly have been taken yesterday at the GMC.
DPL of which individual get together scheduled to be held on next 28th and the grand trip to Kandalama organized for ISU, Wages and some divisions/ companies overlooked by MMMDES from 12th to 14th December were cancelled accordingly.
However, Haycarb guys were lucky enough to have their individual get together recently while spending nearly 1.5million.
It is learnt a new item was added to Hayball, this year to adjudge the “most corrupted employee in the Hayleys Group”. (This will be done by a special committee having experience in this nature) According to Hayball organizing committee, that was added by popular request. The winner will be “sacked instantly” with “all terminal benefits payable then and there” as a recognition to such “corrupted service” rendered to the Group.
Guess, who will be the winner?
If you go through this forum, it is not so difficult to find the answer.
It is widely accepted that only because of the article published on this web site under the title “BOI CHAIRMAN BECAME THE MAJOR SHAREHOLDER OF HAYLEYS LTD WITHIN TWO WEEKS”, this site became much popular in and out of Hayleys Group and corruptions /wrongdoings at Hayleys were divulged to the general public.
Hence, send your “predictions” to this forum on or before 4th December and let Sinhale Hot News to select the “Best Predictor” and to award him/her accordingly.
By: Charmini on November 20, 2008
at 1:49 pm
Everyone is focusing outside of Colombo! has anyone looked at what exactly RAE is doing??? or what the service centers CAU and SBDU are doing??? they do have so many qualified people doing sweet nothing or merely doing data entering!! how are their targets and performance judged? all these persons are sponsored by the subsidiaries who get no benefit from them what so ever!!!
It will be really interesting reading to see how many people there are in these departments and their jobs and task – if properly organized, 95% of the persons would be overstaffed!
Over to you DP – look at these centers!
By: Colombo on November 20, 2008
at 9:18 pm
Breaking News From Hayleys!
“Hayball” scheduled to be held on 6th December was cancelled today, a little while ago.
What a Surprise?????
Who is behind this move??????
By: Chathuranga on November 21, 2008
at 12:56 pm
Under any circumstance, it is sad to hear that “Hayball” was cancelled at Hayleys. We think this may be the first time it was cancelled.
We as employees know very well this is the only occasion that we all can get together and enjoy at least once a year. If that was cancelled in order to cut the cost, we feel it is only a joke. Because this cost (staff welfare) is not the major expenditure on Hayleys P&L account.
We strongly feel if anyone go through this forum from top to bottom, those will realize what are the major expenses at Hayleys and who are the culprits. One can say those are not 100% accurate, but we feel there must be some sort of reality behind those stories. To see whether those allegations are accurate or not, an investigation should be commenced. So far we haven’t seen any such investigation and even in future, it is doubtful.
Once, we can remember former Chairman RY, while making comments to this forum suggested, a genuine dialog between the management and the employees on the current issues. Many, posted comments to this forum thereafter endorsed what RY suggested but we couldn’t see any steps taken by the management up to now. Instead of that what Management did was prohibiting the access to this web site within the company, may be assuming that employees have no other way to visit this web site, once this web site was banned within the company.
We as employees are always with the management to wipe out corruptions at all levels in the company. But we do not have a secured way to come forward and disclose such things to the management. If the management can establish a proper mechanism to receive information on such matters from employees without asking their identity, everybody will come forward. Unless otherwise we have no option other than making comments to forums like this.
Dear Mr.Dhammika Perera,
Therefore, please consider the following requests and do the needful.
1.Re-consider the decision taken to cancel the Hayball
2.Commence comprehensive investigations into corruptions /wrongdoings disclosed by this forum and punish the culprits irrespective of their position.
3.Commence a proper mechanism directly under you to receive information with regard to corruptions and culprits in the company.
By: Employees on November 22, 2008
at 11:36 am
DP has invested his own money – money earned by whatever means, so he will indeed sure more care for Hayleys since he has invested!
But i hear – he has his own plans and of course men well placed!!!
One of them is a gent who returned back to hayleys and went direct to the GMC!!! and incidentally runs a centre without a set target!
Another is said to take over the group soon!
So all you people in the forum – yes, you can expect some radical changes but please keep in mind not all will be in the best interest of Hayleys!
By: Why! on November 22, 2008
at 6:41 pm
Yes, Colombo. You may add these guys also from Colombo office. MRZ ,FS and SD.
By: Jayantha on November 23, 2008
at 4:21 pm
Hi, Now only i saw the mail about Hayball cancellation…………
Is it acceptable by the membership…
How can GMC take decision on the HGRC Matters. this event is the most expected event by the members of the Hayleys Group…
if HGRC wants to cancel this event they have to seek membership approval. because this is the only major event that a recorded number of members take part.
we are earnestly requesting the New Committee to look in to this matter.
if past HGRC President Lassantha was still there he wouldn’t have allow the GMC to take this kind of a radical decision. its a question that the new committee will have the back borne to stand for HGRC rights.
By: Damitha on November 23, 2008
at 10:48 pm
Hi well said Damitha,
we are confused now.
how can GMC fully interfere for HGRC matters, The cost of HAYBALL is mainly contributed by the members of the HGRC and the rest is contributed the Hayleys Group. if GMC wants to cut down their contribution still we can have Hayball in a lowscale. as you’ll know Hayball Was held in a 5 Star Hotel in Colombo.because of the membership attraction and the demand it was brough down to Hayleys Premises one reason is no hotel can accommodate such a big crowd and second reason is cost per head is very high compere to the present buget.
its not a very surprise decision taken by the GMC. they always try cut what ever possible things from the rest of the employees “THIS IS ALSO ONE FROM GMC” i can remind you’ll how SD became man of Hayleys PLC implementing 70% 30% Increments to Hayleys Staff. if GMC members and CEO’s of the company can sacrifice their company maintained Second car with driver and Fule. we can have hayball in every month better than this…
we are asking this question from the new President and committee of the management. since this iterm was in the year planner, have you’ll ever taken the membership concern to cancelled hayball 2008.
we are challenging to the new Committee of Management, if you take vote from membership to whether they like have IT or NOT at that time GMC will open their EYES.
any way with out a very strong committee nothing will happen because the present president is a Muppet.
By: Sanjeewa on November 25, 2008
at 7:39 pm
Dear Damitha, Sanjeewa,
We too are in the same opinion. Canceling Hayball & restricting OT for the clerical & minor staff will not make any major impact on cost saving.
As you all said if GMC members and MDs of every company ready to give up their perks such as additional vehicles and reimbursing of their bungalow expenses, a lot can be saved monthly. If they do it, how much we can save on fuel cost, vehicle rentals, driver’s salary, bungalow utility bills including water, electricity, telephone etc..?
Also it is reliably learnt that few GMC members are currently using more than two vehicles. May be unofficially, but company has to bear the cost.
By: Employees on November 26, 2008
at 2:41 pm
Dear Damitha, Sanjeewa and Employees,
you’ll perfectly correct, Clerical & Minor Staff and their wives wants get a chance to enjoy like how they enjoy @ the “Hayball”.
Still top management will get so many opportunity’s to participate function like “Hayball”.
that’s why they are not worried at all.
By: kapila on November 26, 2008
at 8:27 pm
Could not agree more with comments from EMPLOYEES, SANJEEWA and KAPILA..
It is very reliably learnt that quite a few GMC members use MORE than two vehicles.. one for the wife (wives in MRZ’s case), one or two for the spoilt children, one or two hired back to the companies they “look” after, and of course, one for themselves.
Leave alone the second car, if our useless, namesake chairman cuts his daily luncheon trips back to Thalawathugoda in the fuel-gulping enormous vehicle – we could have monthly or even weekly Hayballs – but lets not stoop to their level – just imagine the plight of our hardworking, loyal peons (most of them are!) – a cut in the week end OT is probably a reduction of about 20% of their wages.. Does NGW even know the cost of a kilo of sugar or a kilo of carrot? We never know, apart from the shares that were bought for him by his “loyal” buyers in Italy – they might even be sending his groceries!
Hey Mr. DP – you proudly call yourself a self-made man, coming up from a not-so-rich background… why cant you see the plight of these poorly paid non executive staff who are being penalised by this corrupt, useless, arrogant management?
By: COST-CUT on November 27, 2008
at 9:01 am
Hey mr. DP all thats leave a side do you know your most trusted deputy charman MP charactor
why dont you check the entaertainement cost the
fantastic bill at ramada the library now i understand that he drinks only wine but earlier a bottle of black label per day at whos cost not from
the sallary . what has happened to the ships that he brough we understand one has sold but other remaining and it cannot sell what a corruption is this. the amount of company that he register and wind up entity that make loss his henchman are the directors.they coverup all They coverup ll his bills under entertainment of customers
By: sudar on November 27, 2008
at 3:44 pm
Mr. DP i know who heldps you to by hayleys its none other tham MP as he couldnot see that he will get the chairman post i saw to my naked eye
all of you all at golf club all that its ok we are thinking of hayleys future. i cannot write all the things that i know about MP you all may think i am mud sliding or some thing elese but you should really think that his innovative support extended to you why i will be really happy if you developed this company.
By: sudar on November 27, 2008
at 4:03 pm
Dear all,
I have written to this forum previously on 30th September regarding the delay in remitting our salaries to our respective bank accounts. If my memory is correct we got our Sep’08 salaries (at last paid by cash) somewhere in the first week of October.
However, it is regret to note same bad practice is repeating for the second time. Our Nov’08 salaries should be remitted to our bank accounts on or before 27th November. But due to some reason, our salaries were not yet credited to our bank accounts. I personally feel that 3MDES, DDWS,ZM(IT) and Nalin (Wages) are the main responsible people for this. According to Nalin, for a non disclosed reason HSBC has returned it without crediting to respective accounts. But it is reliably learnt, this has happened due to non availability of sufficient funds at the bank.
Anyhow, they have paid our Nov’08 salaries today (a day after the scheduled date of payment) by cash.
Who will take the responsibility for delaying our monthly salaries again & again? If they can not remit our salaries on time, why can’t they at least allow us to have our salaries in cash?
By: Poor employee on November 28, 2008
at 12:21 pm
All are writing with one hope – justice will be done soon to correct the currupted system and secure the business for future. When can we see a real change ? How long will we have to wait ?
By: Querry on November 29, 2008
at 5:33 am
Hayleys is not a temple or charitable institution. It has been brought up by hard workng people the names of whom we all know. All you so called poor employees are those who have ploded along without any significant contributions to the bottom line. If you are so bloody unhappy why dont you all go and join another place. I bet you cant!!! So you prefer to point fingers at others and wait. I challenge you know one will employ you. It is people like you who have sat back and made Hayleys the useless place as described in your own words. All you can do is talk about someones Transasia bill and someone elses petrol and so on purely as you’ll are bloody jealous. DP would not have bought into the shares of Hayleys to perpetuate the existence of sickening idiots like you. Rather to make money. So buckle up or get out without trying to eat the hand that feeds you. Shits!!!
By: samboo on December 2, 2008
at 10:10 pm
Samboo – someone seems to have stepped on your toes! Cool it man.
I was at Hayleys for over 10 years, was being groomed for higher things but i left this year since I felt something is not right!
For your information, i really am better off now than during my time at Hayleys and have even more family time now!
My Job in the group was my first and i still have a special place for it, and hope it will be brought back to its glory days fast!
PS : and before someone says i am wasting office time yet again! – i am on leave today after coming back from a business trip overseas yesterday!
I agree not everything said here might not be true and some may be a bit exaggerated – but some things mentioned …i can say they do happen!
I did trying speaking to my superiors but saw it going nowhere…so i exited.
i don’t know how many others would be able to follow me and exit and find jobs now but everyone exiting will not solve all problems.
I really feel the seniors and the board should sit and thrash out the allegations mentioned here and take appropriate action against the culprits and if allegations are not true, circulate the facts!
By: Ex on December 3, 2008
at 3:35 pm
Fiber Sector
Piyasena – MD – Hayles Export/volanka Export – Its true that he is sucking what ever possible from the Hayles companies. He is doing all the things with Ranaweera (factory manager). How ranaweera become a factory manager??? Does he have any Qualifications?? NO.. NO..NO..
He did every mean works to piyasena’s residence Ex : he is doing toilet cleaning, fixing cables at piyasena’s home Both are taking bribes from the chemical suppliers and who supply fiber. Why didn’t they take a action on diesel fraud, can prove, it has done by their people. They are showing fraud statics to the company. Ranaweera’s father also famous thief in the government sector. He was popular as a “IPIYA” So in sinhala “mona kathade ithin putha gane”
No promotion, No salary incriment, No welfare parties. they tell that company is going under crisis. But the truth is they are enjoying their lives with company funds. Both are like a Anthrax to the company. At least they are not giving any single chance to talk to the employees.
Now they have a chance Please don’t be hesitate submit all your comments to the forum. I wish Mr. Dammika Perera will take appropriate action on this. Hayles company is one of the most prestigious company in Sri Lanka. So keep it up. Do not let it down. Cheers!
By: seeker on December 4, 2008
at 2:21 am
hi seekar,
why you are worried about SaRaPaYa & Ranaweera
what about WaSaLaYa & BaKaLaYa (Chandana)….
like to here some comments on these Two….
By: kapila on December 6, 2008
at 7:48 pm
No wonder the fibre sector is going through hell!
By: coir shares on December 6, 2008
at 10:23 pm
Breaking News From Fiber Sector
PsPsP will replace by 3M de Silva, he is a Good Under Cutter,
So 3M de Silva will have a good time with his new appointment.
As most of you’ll know, with his profession and with his work experiences????????
He will go through all the rackets “SaRaPaYa” have done with “RaNaYa” and “BaKaMuNa”-(Shiran)..
We can see some developments in near futureand in the mean time PsPsP can wash his hands.
he is lucky to get read of this racketeers.
By: Snooker on December 9, 2008
at 7:32 pm
Hi Snooker,
Thanks for the info. That was decided at the Fibre Sec. meeting which was held on last Monday.
Malanedu Marakkala Mervyn De Silva is a good choice to handle any situation.
I can still remember he joined Hayleys somewhere in 1983 as a Accountant under SK-one of the distinguished Directors Hayleys has ever made.
He being a GMC, I heard he also using more than two company vehicles. Is it true?
By: Ronie on December 10, 2008
at 11:28 am
pl., let us know what happend mr. zaheed’s tata consultants. after spending 14 ( million ) for them
we didnt get nothing. we had to close the showroom channel i think dhammika perera must take a look at this matter and take nessary action
on the people who are responsible for this mistake
and sak the for their director post.
By: dayalan on December 10, 2008
at 12:44 pm
In reference to Eagle’s comment on 18th Nov
All what you have written is absolute crap.
RRIF was given extension because of my sudden decision to leave Ravi for personal reasons. Since you seems to know much about Ravi, you would have known me as well. It was a public knowledge at Ravi that I was being groomed to take over from RRIF once he retires. He himself used to push me to learn everything fast so that he can retire peacefully. Everyone at Ravi knows this because he has publicly commented. Since I had to leave just one year before his retirement the company couldn’t find a replacement in a rush. This is why he was given an extension. His son or his social status was never in the picture at all. Therefore don’t ever accuse a person without knowing the facts.
Your other point about commercial department, it consists of only 4 full time people handling more than 40 buyers. MD only gives direction and supports his staff. Other two are common staff. Everyone at Ravi knows the long hours the commercial people put in to get things done
With regards to the trips to India, at least good that you mentioned he went to the Kovils and not to any other place. This too, because of the friendship he had developed with few of the suppliers over a period of time, they used to assist him to find the suitable kovils that he should visit to serve his purpose. All these trips are private and nothing to do with official visits. The same way he looked after the suppliers when they came to Colombo. One supplier used to stay at his own residence, that’s the level of friendship they had. Being a person who worked under him for fifteen years he had never influenced any price decisions that we use to take in purchasing decisions. We have claimed from all these suppliers when they made mistakes in their shipments with RRIF’s knowledge without any hesitence. His friendship was never in any consideration when we decided on prices or selection of suppliers. Dont blame his intergrity, without knowing facts.
About the Hardware show it’s a third grade accusation hence deserves no response.
The final comment about people waiting to see RRIF leave, for your information when the company was under restructuring RRIF was given office at Rileys premises. The same employees of Ravi whom you mention went and met PSPS to relocate RRIF at Ravi premises for better management of the company.
These are the facts. I don’t know who you are but I am writing with my own correct name and you can contest me if i am wrong. So please don’t accuse people for the sake of unknown intentions
By: Azkar.S on December 10, 2008
at 6:25 pm
Mr.Mervin – good wishes on your new assignment!
Be mindful of the following –
1) Do go with an open mind and do not be bias towards anyone!
2) Do look at the allegations mentioned in this forum – might be far from the truth, but like they say “there is no smoke without a fire” – and if an atom is truth is found, please take prompt action!
By: 3M on December 16, 2008
at 8:45 am
Now that PS is going – and everyone seems to be happy with 3M coming, lets hope he will look in to the fibre sector and take out the garbage and put the house in order.
Now focus on Colombo!
What are exactly the service centres doing? SBDU? CAU ? Treasury? and what role does RAE play now?
It would be interesting read how many qualified accountants are on the payroll in these departments!
Who and how does the performance of these centres measured???
By: PSPS on December 16, 2008
at 6:55 pm
3M Silva is not a so capable man. Hay. Ind.Solution ltd (HIS) which under 3M Silva IS NOT DOING WELL.
HIS currently facing Cash flow problem as no money came from Bangladesh project. only Hay. Livescience Co; doing well.
He may be good at accounts, but not at running a business.
By: Milinda on December 18, 2008
at 12:47 pm
He may be good at accounts, but not at running a business.
Here we go ..Do you know 3Msilva is using 4 vehicles.Toyota Land Cruiser , Peugeot car, Toyota Corona , Mitsubishi Pick up , & 2 drivers ( Office & Private ) All the days official driver is used by his wife for her use and payed by Hayleys.
When he took over TPL Valuation for the Toyota Land cruiser was 1.8 Mn. to day ‘De Silva Motors’ valuation is 3.5 Mn. 3Msilva brought this jeep for 1.8 Mn. for his personnel use.Before buying for his private use he changed all 5 tyres on TPL a/c how nice ? All these are done at Hayleys account ..worth nearly 2 lacks.
Mr.D.Perera this is over to you…….
By: LaldeAlwis on December 22, 2008
at 7:11 pm
Does Hayleys not have any honest chaps to run the show??
Someone with a clean sheet?
Or has everyone have skeletons in their closets so its a matter of “live and let live!”. – from top to bottom!
My advise to good employees is get out if possible, cause you are not going to be given any solutions and the company will merely run to satisfy the culprits!
Or can an employee go to courts???? – now that’s a thought!!!
Has anyone been paid after the PMS calculations done as per SUNIL D formula????
Also has it been said that a recent survey done on salaries paid – the results were dismal!!!
But who cares, the once deciding the fate of others are being paid well and pampered!!!
Cheers everyone – Merry Christmas and a Happy New Year!
By: 3M on December 23, 2008
at 9:24 am
agreed with 3M , Group HR , another white Elephant .Hayleys PLC all Hr work has been done by Foster Lane HRMD Dept. , and it was going smoothly., even court cases also handled by HRMD.
Why did Hayleys appoint SD as GMC Member spending big money for a car worth of 6Mn. , Petrol + Monthly rental total comes to over 90,000/= Rs.
What his job here….
Only cutting Salaries , Bonus , Increments,
of poor staff people not only that he is trying to spend more & more money to renovate his new office adjoining Infocraft , 400 Deans Road,Colombo 10., What is the outcome of this ??.Why should Hayleys spend money for nothing,.
Mr. D. Perera , Please note this and take some action.
Bonus entitlment at Hayleys is any one has to work one full financial year and 2nd year only he gets his Bonus. But 3M silvas favourits get Bonus during the 1st year also.
Most of 3M silva fans are getting some money additionally ehith there salaries in the form of ALLOWANCE. This never happend in Hayleys History.
DP Pl look in to this also, and you are the only one who can help the poor staff.
By: laldeAlwis on December 23, 2008
at 5:09 pm
I read all these articles after 02 months. i even cant believed this is happening at Hayleys. Pissu .
My opinion is look after your non executive staff also. Other wise they will curse you and will not work hard .
In the mean time staff should work hard with the given Job to make the company progress rather than pointing only loopholes. Your a Clerk and they are Directors. target it. Share the losses equally.
By: lucky on December 27, 2008
at 12:48 am
RRIF again off to India! Does this man really have soo much leave?? Company is nose diving and this MD also taking overseas holidays! What is happening in the fibre sector!!!!
By: PSPS on December 29, 2008
at 8:54 am
This floor is cool now. May be because of Ceylinco crisis. Now another forum is building up there.
Just check the article ” Ceylinco Crisis- Golden Credit card scam & the aftremath” which is appearing on the “TOP POST” on this web.
By: Lalith on January 6, 2009
at 1:46 pm
Its not that Lalith – it’s just the employees have realized that Hayleys will remain corrupt! With almost all seniors having something to hide, nobody wants to rock the boat – so no action will be taken against anyone.
Good, able employees have started to exit and will continue to do so.
Directors will leave scot-free like PSPS after making their bundle….
On the other hand, can PSPS leave without an investigation or clearing his name of any wrong doing? can he leave behind the sarapaya’s and wasalaya’s and Krishan who are also under some clouds or themselves been parties to many blunders??
Is 3M clean enough to clean the fiber segment? or will he also live and let live???
Employees are silent..but indeed watching!
By: NGW on January 7, 2009
at 9:14 am
It is true. Hayleys management didn’t take any action against corrupted people yet.
MMMDES is fired by people in this forum for using more than two company owned vehicles. Further they told he baught a vehicle from TPL for Rs.1.8mn and it was very much lower than the market value.
Hence can we expect “Good govern” from him?
By: RUWANTHA on January 7, 2009
at 9:50 pm
These are only known factors? Is there a union pls? Whay dont the Honest Directors too joint this Union for your reasonble rights.
Global crisis is everywhere? but we rtespect DSJ a Lot . We dont think Mr. Dammika Perera can do any single thing for all this crisis. He will take his package and will relax.
Good luck Ministers and Hayleys directors.
By: lucky on January 12, 2009
at 12:03 am
CMU is still there.But that is only for Clerical and Minor staff. Staff Assistants and above can not join for that union.
Union for Directors? All of them are well off. So what is point of being in a trade union?
Recently disclosing the Hayleys culprits seems to be stopped. Why? no other culprtits or no way to disclose them
By: JANAKA on January 13, 2009
at 9:32 pm
Nothing has been done officially or unofficially on any of the allegations mentioned here…
People have lost faith…
All able people are leaving not just this forum but Hayleys Group itself.
By: NGW on January 16, 2009
at 10:00 am
Its a real mess we think. But former Finance Directors controlled all this with proper recommendations to the Chairman which the Company progress.
By: KM on January 16, 2009
at 10:23 pm
Hot news from Hayleys!
Mohan Pandithage has been appointed as the next Chairman/CEO of Hayleys group with effect from 1st July 2009.
Feel sorry for sick NGW for not allowing another extension!
I hope, DP is behind this move.
Anyway good decision.
This decision would have been taken long long before.
By: Upendra on January 22, 2009
at 10:39 am
First of all, glad to hear that a new Chairman has been appointed from July.
AMP, please read the following and act accordingly for the benefit of the company.
HCPL has sold 14 vehicles including lorries and vans to Alliance Finance Co; prior to March 2008 for nearly 19Mn as they were instructed to show profits for the last financial year.
Now, almost 11 vehicles out of 14 that were sold to Alliance Finance prior to March 2008, were taken back to HCPL on lease agreements. Informed sources said those vehicles, even at the time of selling were not in good condition and therefore maintenance cost was too high.
However according to the lease agreement signed between AF & HCPL, lessee should bear the maintenance and fuel cost and lessor should do ONLY the renewal of Revenue Licence and Insurance of the vehicles. Apart from that HCPL has to provide their own drivers for the leased vehicles with a PAB cover.
For a month, it says around 600,000.00 be paid to AF as lease rental while HCPL bearing fuel cost, maintenance cost and Drivers salaries etc. If the maintenance cost of those vehicles are met by AF, we feel it is reasonable otherwise it will be another heavy burden for HCPL and HCPL vehicle repairer will get the benefit at last!
Internal sources said this was executed by former HCPL CEO and it was said to be approved by the GMC.
AMP, kindly check as to why HCPL sold these vehicles to AF and why same old (with high mtce. cost) vehicles were taken back on a lease agreement which is having unfavourable conditions to HCPL as aforementioned?
Also inquire from when Hayleys and its sub/asso. companies started showing profits by selling their fixed assets and is that the correct way of showing profits?
By: Lanka on January 22, 2009
at 5:19 pm
Vacancy for CEO!
What a pity!
Does Hayleys not have any senior to fill this post or has the board lost confidence in the seniors??
Either way – this goes to say the sorry state of affairs!
By: PSPS on January 27, 2009
at 9:52 am
Vacancy of the NEW CEO at Hayleys is already filled.
But do not know who will be the next Dep. Chairman. RAE is next on line, but ……
To read what next Hayleys Chairman tells about his plans, click the following URL
http://www.dailynews.lk/2009/01/27/bus03.asp
By: MLP on January 27, 2009
at 3:43 pm
RAE???? for what???
Just ask him to sit back and relax and wait out the next few years and leave with his packet!
By: RAE on January 27, 2009
at 5:48 pm
Mr.Dhammika Perera
There is no meaning of going back to bone of Hayleys history.Now most of people are try to give explanations to save their game. Please really touch the situation because all marketing departments’ activities are going bad to worse;specially fibre sector.Now heads are trying to stay however up to their retirement.No battle field…how they are covering Hayexpo 15 million fibre lost with in next two months. We have touch sixers last two overs….Ha..Ha..
By: Mal on January 29, 2009
at 1:38 am
MLP,
We can write.But very defficult to implement those things. Please visit Toyota web site..how about their plans..what is happening today.white elephants..this is only a seat-CEO
By: Silvian on January 29, 2009
at 1:49 am
I doubt very much that Dhammika Perera will be messiah that everyone expects him to be!
He is already working hand in glove with many in Colombo (or even before his entry!) to further his and the cause of his pals!
PSPS is leaving, now that’s a relief!
But is 3M the man to take over??? he has some things to be ashamed of too!
I hear that MD of the sector companies are expecting others to retire, resign, cut benefit…but they themselves holding on to their perks saying they are entitled to it!!!
Hope a new CEO recruited will be assigned to the fibre sector – may be he can throw out the garbage : from the TOP to bottom.
By: Coir Shares on January 29, 2009
at 5:17 pm
GLOBAL ECONOMICS CRISIS. Take it easy.
By: Dananajaya on January 29, 2009
at 9:22 pm
Disappointed that Chmn/CEO designate AMP initiated or approved a press statement(hopefully with hayleys Board approval) which implies after education at Ananda College he attended NuS Spore and ISB India,, before joining hayleys as a Trainee in 1969. Both Unis Biz schools started in 2001 & 2004, and latter was attended by 60 Execs from Hayleys.
Reference to every office he has held, his father brother and father in law is cheapy cheap ! None of hi s predecessors tried to justify their appointemens this way; he had enough of a record at Hayleys to do so. WHY WHY ?
By: Honesty/Integrity on January 29, 2009
at 9:22 pm
Glaciers (Ice) becoming water, No tourists in Many countries, Dubai economy is collapsing , UK is collapsing, America diminishing. Let the Hayleys culprits enjoy their luxurious life for the sake of our former God of Hayleys Hon. D.S.J
By: Dananajaya on January 29, 2009
at 9:26 pm
Honesty/Integrity
I have read the article regarding AMP’s interview published on Dailynews on 27th January 2009 by using the link given above by MLP on the same day and couldn’t find where he has stated that after Ananda College he entered into two business Universities before joining Hayleys in 1969.
Also you made some comments on his immediate family members too and I do not know how far those comments are correct / accurate.
I strongly feel, as AMP didn’t convert into some other religion soon after his marriage, the other guys who did so or happened to do so are jealous of him for being appointed him as the new CEO/Chairman. That is why this false propaganda against AMP is launched.
I can remember former Chairman RY has written to this forum by disclosing his identity sometime back and do believe still he is a frequent visitor to this web. If so, to get a fair clarification, can I invite him to express his own ides and views on this issue without being anonymous as in the past.
By: Ronie on January 30, 2009
at 1:11 pm
i have no reason to be jealous -I have been Chairman and left at 60 though asked to stay on.
I became a Catholic having previously been Anglican, 10 years after my marriage.That has nothing to do with this.My predecessors and successor were /are Buddhists as were my Parents, and I annually help a Temple in my small village. Lets not hence bring religion and jealousy into this..
Read 24 jan sat Fin Times page ex Daily Mirror.
I have no love or hate for my previous colleagues just apathy- but I do love Hayleys-always will.
I write becos I have been named.Please stop at that.
By: Yatawara on January 30, 2009
at 5:37 pm
lost milliongs to a buyer…dumped and forgot about some more millions to Onril…
company continues to bleed….
now expects a bail out from hayleys…
By: crishan on February 3, 2009
at 9:24 am
I went through both articles published on Daily News and Daily Mirror over the appointment of AMP as the Chairman/CEO at Hayleys.
Though nothing was mentioned about AMP’s education on DN, a controversial remark on AMP’s education was mentioned on DM article, as referred by Honesty/ Integrity first and followed by Yatawara.
If the comment made by Honesty/Integrity on 29/01 is correct, why AMP is lying from the very beginning?
By: MLP on February 3, 2009
at 11:29 am
Its right time Mr.DP to take action seen all this issues. We do not any more need any silent Directors. We have not seen any progress yet.
Take care of all honest employees.
By: lucky on February 8, 2009
at 9:51 pm
The coloured symbol appearing for comments made by “honesty/Integrity” on 29/01/09 and by “Yatawara” on 30/01/09 is identically same.
Does it mean the persons making comments under the names of “Honesty/Integrity” and “Yatawara” are one and same?????
By: INVESTIGATOR on February 13, 2009
at 7:51 pm
I am,(I hope) not an idiot-except in my wifes opinion !
I knew the traceability of messages by the design on the right. When I write to this forum under my own name and later under a concept pseudonym. I was fully awake. The concept was the Title ,Senders name not important.
I dont think AMP, /future Chairman lied. His immature henchmen who did the writeup went overboard to praise their Boss, unnecessarily. He didnt need it.His experience at hayleys was enough.Ditto Performance of Transport Sector.
AMP should be watchful of his Henchaiyyas, and cultivate relationships with others in the Group without which he might have difficulties.
By: Yatawara on February 15, 2009
at 9:17 pm
This ‘kelapathrare” has been a paradise of fools including former chairman Mr Yatawara. those whi cant raise their voice if ther is anything wrong with Hayleys are just putting them here. the obvious is that they have ( excepts former chairmen) have a hatred towards hayleys management. Those who write inside information in public are destroying companies image and should be outsed
By: Dammy Hayleys on February 22, 2009
at 5:27 pm
How can this be a “Kele Paththare”?
It is true that employees who can not raise their voice against the corruptions and malpractices happening within the company, write to this forum. Because of that many culprits were easily exposed. Do you think it is a crime?
When I was at Hayleys, I have noticed how the management treated for the employees who opened up their mouths against corruptions? Many of such employees were chased away or being harrassed. So, can we expect employees to come forward against the management ?
Also, it is regret to note that you have named our distinguished former chairman Mr.Yatawara and DPL Director Mr.Niru Fernanado as “fools”, simply because of their valuable contributions to this forum. Who are you to call them as fools?
However, we do not bother about your opinion, because it is a well known fact that always “fools” do not admit that they are “fools” but calling others as “fools”.
By: Ex-employee on February 24, 2009
at 4:30 pm
Actually those named people asre fools- putting their mouth into this dirty page. This is a forum for those outsed from hayleys to degenerate the name of Hayleys. Don’t forget Hayleys stand on as the best corporate in Sri Lanka yet on the world.
Why should people saty and blam at Hayleys. if you disgree with management , jut GO OUT. Its a company owned by its shareholders, if shareholders find that management is not capable or corrupted , its shareholder’s wiull to chase them out. Employees are to do their job, not to write kelapaththra.
I
I’m completely outsider and have no any interest nor a shareholder. Only thing i know that Hayleys is one of the best corperates in Sri Lanka to date.
those who write here are trying to tarnish taht image. this type of work is done by womens who have lot their partners- (I dont want to call the name)
I urge formar chairman to rerfrain from giving undue credit to this stupids
By: Dammy Hayleys on March 2, 2009
at 2:04 pm
You said you are neither employee nor a shareholder. Then please leave this forum without wasting your time anymore.
This forum is basically for the Hayleys employees, ex-employees and its shareholders to express their views/ideas with regard to the on going crisis at Hayleys Group.
You said don’t stay at while blaming. We do not want to blame anybody, if everybody do their job perfectly.
We are criticizing the culprits responsible for corruptions & wrongdoings in the company irrespective of their designations/positions holds. By doing so, we have disclosed many culprits in the past and even now. You wait and see, within next three months several culprits will have to leave Hayleys.
We all agree, Hayleys is one of the best companies in Sri Lanka. What we want to do is to maintain same status forever. That is our only aim and we know how to achieve that goal by removing all types of obstacles we will have to face in future.
Once again, we will repeat, we do not bother about your opinion, because it is a well known fact that always “fools” do not admit that they are “fools” but calling others as “fools”.
By: Ex-employee on March 2, 2009
at 3:31 pm
dddd
By: edfd on March 11, 2009
at 3:55 am
ane yako umbalata wena wada nadda anunge kunu hoya hoya inne?
By: RATHU MHATHTHAYA on March 12, 2009
at 2:39 am
If RWS is asking for one vehicle, NGW might ask for two of his jeeps currently using, with new set of tyres. Good for them, but no benefits either to company or employees. DP , this is high time to revise old traditions!
By: Lalith on March 19, 2009
at 6:19 pm
I thought DM Perera has taken action we all were watching other important/ Interesting sites for some time . Nothing has done. May be agreed to give new tyres to DM also. This is the world . Give all to Directors and freeze the income of small employees
By: POTTAYA on March 26, 2009
at 11:14 pm
Hayleys Chairman sells his soul to Jetwing.
Inaction and partiality to a hostile party by the outgoing chairman putts the entire Hayleys investments in the Hotels sector in jeopardy. Gives away the star property to Jetwing on a platter!
As always this was supported by this unable ebell. As for the information he as pass all the company confidential information including board papers to Hiran Cooray of Jetwing. Corporate governance, my ass.
Retirement Planing???
By: BOARDBUG on April 2, 2009
at 2:06 pm
We all facing “US Recession” . but our top people fail to sacrifice their “Perks”. but they continually introducing “Policies to reduce cost and get their peaks for survival ”
How can company approve like such payments ?
Gnanapala ’s statement.
“CHI CHI Kethi honde” kewwanan api SMS karaka akathukarala hoyala denawa.
How can it be , Is it the way “Good Gentlemen quality”
As a company owners we should not “Approve” any of them and we should lay good policy to top people also by stakeholder forum .
They spend our profits . if it is pay low level people it may even boost their motivation and get benifit for long run.
Is it the ethical citizen and best coperate people work.
“All are Hipos”
Before acquire the Hayleys ownership all top people live like Immortal owners , Taking of DP all were shake and never thought this will happen.
All the top people take the decision for their healthy life . But we strongly believe we should take “Young Blood ” ask them to show profits in ethical way .
Good news too “No “Extension for Top people ” We hope this time get good share profits also.
By: Dhammika on April 3, 2009
at 9:18 pm
All have got their facilities, perks, salaries and now all of them are Happy. One month no problem. May be Hayleys is doing very well.
By: lucky on May 6, 2009
at 10:15 am
Hi guys! Here is some important stuff relating to a fraud owing to a mis- management at one of the import companies heading downturn.
A senior frustrated, tall, employee functioned as the cashier at this company said to be stolen Company cash around Rs.1,000,000.00 in three different ways and left the company also.
This guy suddenly fell sick prior to his resignation and stayed away from the office for more than 2-3 months applying sick leave. He had utilized accumulated sick leave for this purpose and the management approved his leave blindly without checking as to whether he is really sick or not. If an employee is not reporting to work for more than 14 days, the management has the right to get that employee medically checked up by the company medical officer. For some reason that system was not executed in his regard.
This guy completed 15 years at the Company during the period he was sick and managed to obtain the “Long Service Award” too through his wife.
Thereafter, he has sent his resignation through his mother and company accepted it, once again blindly without clearing/ reconciling his accounts with the company. Though the accepted procedure is to clear his accounts before accepting such resignation, it is a well known fact that procedure was not followed in this regard.
However, his terminal benefits( MSPS + Gratuity ) not yet released by the company. According to the Gratuity act, that should be paid within a month from the resignation effective date without making any recovery. Even from MSPS making any recovery other than loans obtaining from MSPS & company is doubtful.
Out of the aforesaid amount, around 130,000.00 already paid back by his mother which he received prior to raise invoices by the invoicing dept.
According to the accounting sources, he was smart enough to rob Rs.300,000.00 by the way of duplicating a payment raised on account of “inter company transfer” and another Rs.500,000.00 by making a bogus entry to the accounts.
Meanwhile, informed sources said due to non adopting of standard accounting system in this company is the main reason for this fraud. They further said “inter company accounts” are not reconciling properly by the accounts dept on monthly basis and therefore the cashier had an opportunity to rob money.
A senior employee said that receipting of cash/cheque and updating the relevant customer done by two different people in the past and now both can be done by one person and it led him to rob another Rs.500,000.00.
Mr. Junior – the accountant, who once resigned and joined after roaming with the blessings of his accounting master 3M Silva is overlooking the accounts in this company.
“Duplicating of payments” ,“allowing bogus entries into the accounting system” and “unnecessary delays in required entries into the system” are due to lack of frequent monitoring the accounts by the accountant Mr.Junior and it shows his total incapability, many employees said.
Some said this cashier was his “boozing partner” until he left the company and Mr. Junior had many “business dealings” also with this cashier’s mother. Therefore, they said Mr.Junior had a very close association with this cashier and that is why he neglected and tried to hide this issue until the last moment.
This particular company offered VRS twice to reduce staff and overheads but still struggle to survive in the market.
Robbing company cash and allowing someone to do so directly or indirectly are almost equal offences. And also this is a “major misconduct” according to the letter of appointments issued by the company.
Then, why the company is so silent on this matter after having several rounds of unofficial discussions with this cashier’s mother and wife?
Why his resignation was accepted by the company before reconciling his accounts with the company?
Why the company medical officer was not sent to examine him once he failed to return to office after 14 days?
Why “inter company accounts” are not reconciled on monthly basis?
Why allowing one person to do receipting and updating AR?
Were all these opportunities given to him, because of the “friendship” he had with Mr.Junior?
Mr.Junior, No need to reply. But act fast to recover this money from your “boozing patrtner” and implement the well recognized accounting policies introduced by your accounting master’s boss – SK, once again.
By: Accounts on May 10, 2009
at 1:40 pm
Hayleys dispensary closed from 1st May. Doctor sent home. but nurse is there to do doctor’s job. New concept of cost cutting. WoW !
By: Sick man on May 11, 2009
at 1:56 pm
Heard that former Hayleys Insurance employee Mahadewa has died very recently of a heart attack. He was very senior guy at Hayleys but his experience revealed nothing when it comes to subject matters. Few years before he left Hayleys, he announced that he became a Notary Public, but it was then a public secret how he got through that exam.
If TT’s wife wouldn’t have been in the answer paper correction panel in the year he sat for the exam, he couldn’t be able to pass the exam.
That is why everybody say Mahadewa was a “Notorious Public” rather than a “Notary Public”.
He had no knowledge of Insurance . He was the Reuter at Hayleys and none can challenge him in that aspect even now.
He resigned from Hayleys prior to his retirement age to utilize his final dues to send his only daughter abroad for higher studies. Again he applied to join Insurance but his application was turned down by MZMN as he used two National Identity Cards. However he managed to join again Hayleys but under a wrong person. Hence without being there for long period he had to tender his resignation.
Mahadewa, together with another Tamil Accountant once questioned by CID in early 80’s over the suspected links he had with Tamil terrorists.
According to a senior Hayleys employee, Mahadewa got his first attack on 18th May, once the announcement of his leader Prabakaran’s death was made by the media.
By: Madanayake on June 6, 2009
at 8:49 pm
WE have seen this senior employee KM coming Rajagiriya to buy cheap passion fruit to sell or distribute during the working hours with a white trouser and a white shirt. Is it the same person. God Bless him with the commisson earn from all sources.
By: Lakshman Waas on June 7, 2009
at 11:30 pm
Hayleys profits down – No Bonus, No Salary Increments
Ravi & Rileys almost closed- But HSCM & RRIF still better off.
Dividends only from Hayleys. Nothing from other companies.
Everything for clerical staff- No perks cut off for Executive staff. why?
ESD now at FLO, HISL goes to Malabe, British airways coming to HO. WHY? cost cutting!
Anyhow, RWS took his vehicle back for a rate very much less than the market price with new tyres.
NGW too leaving after this agm. He too will get his two vehicles currently in use with new tyres!
Good show!
By: Lucas.S on June 10, 2009
at 12:24 pm
Who are the jokers? Top management or employees???
By: Rex on September 10, 2009
at 6:43 pm
Hi! Mr.junior
Any news about your bozzing partner who robbed money?
Please don’t write-off that from the books. Cos finally, the clericalsatff has to bear the burden.
By: Jayathunge on June 13, 2009
at 11:51 am
Ms.LYP (FM) has been transferred to Hayleys Business Solutions.
Sudesh from CAU to replace her at Hayleys Accounts.
Hayleys employees wear “black bands” from today as a mark of protest for “not renewing” the collective agreement between the CMU & EFC and against the Company’s intention to withdraw its membership from EFC with effect from 1st July.
The “National Flag” which hoisted at HO as a respect to the eliminating LTTE terrorism from SL was removed by RM & his deputy Nalaka on the following day of it hoisted. Due to the protest staged by the employees, they had to re-hoist it on the same day.
By: Kandasamy on June 16, 2009
at 2:03 pm
The latest drama at Ravi is that NR have had a fighting session with RRIF which ended as a love session (as usual). This time she had given a resignation letter requesting a amanger post which had been confirmed within hours and she is siad to be now happilly planning her second visit to America with Fonny!
For employees no increment, no OT nothing, but for little mistress A MANAGER POST and a picnic to USA with the loving boss ! !
Mervin – do you know the latest claim from one of her American buyers is said to be around Rs. 7 million !
By: Querry on June 17, 2009
at 9:45 pm
Hayleys head office receptionists Gayani & Nirosha are now seated at the maintenance dept. Instead of them,two MIS lady security officers are at the reception desk. Why? Because two receptionists are wearing “black bands”.
Replace the whole hayleys clerical and minor staff wearing “black bands” by MIS security guards!
What a good idea SD?
By: Thilakaratne on June 19, 2009
at 3:03 pm
AS must be having more work these days. Searching this blog, taking print outs of the new comments posted, photocopying and distributing among the relevant top people in Hayleys.
Good work. Keep it up!
By: Lal on June 20, 2009
at 12:34 pm
Hot news! Hay. Agro Cashier too played out. Is it true ms.JD???
By: Yohan on June 25, 2009
at 1:44 pm
Not bad, Sudeera 2.7 million company cash robbed without banking.
Jayanthi, good that you have not accepted this guy’s resignation. otherwise you also will have to keep your mouth shut like Mr. Junior at HCPL.
If you have done monthly bank reconciliations, this could have been avoided.
These are the out comes of decentrelization!
By: QS on June 27, 2009
at 11:20 am
Latest news from Hayleys ,when the Management are in deep sleep cashiers are playing with cash. After Rs.one million cash fraud at Hayleys Consumer recently, another massive cash fraud of Rs.Two million seven hundred thousand was reported at Hayleys Agro Products last week.
I would like to join this forum as I was a former cashier at Hayleys centralized Accounts Department which was controlled by our great Finance Director Mr.Krishnananthan. He had lot of controls, tough instructions which were followed by his assistants without any hesitation.
He did all controls in the computer system with ISU without giving any chance to the frauds. When I joined Hayleys there were Six cashiers in the Accounts Department led by Wagisa Feranando with Duminda ,Dharmasena, De mel Ekanayake and pradeep
Subsequently Wagisa was promoted to staff officer and he was the officer who supervise the cashiering functions by checking the receipts, petty cash vouchers, Account to follow vouchers and his responsible was to check the cashiers final book balance and authorized the batch control registers. Earlier this was done by Mr.Kugamohan and I heard with his over 30 years of service still designate as a Executive.( see how Hayleys treat very loyal and honest employees).
All cashiers did their job very well and honesty with the supervision of our great Accountants namely Mervyn De Silva, Renuka Bowie, Dhammika Siriwardena, BMW, Mrs. Loga and Mr.Piyatissa. I think at that time all cashiers were very confident as always their superiors were behind them. At head office Duminda and Dharmasena
were very strict with the instructions and they involved with Five to Eight million of cash transactions daily for several companies including the payments to the outsiders and Foster Lane covered by Ekanayake and myself. Time to time sudden cash counts were done by the internal audit and managements audit systems (subsidiary of KPMG ) to prevent any incidents.
During the period of 1989/90 when the JVP were very active in the island daily cash balance was more than five million at Head office and all cashiers get together and
handled the cash in the responsible manner without creating any troubles to the management. That’s how we worked in the past.
The only one incident was happened to De Mel and other acting cashier and they were suspended as a cash fraud of Rs.4,000/= which was traced by the management within a short period. Later De Mel went to the court and won the LT case.
After decentralized the Hayleys Group activities, the cashiering functions were also taken over by the Associates and Subsidiary companies and they were changed the system and the instructions with their own ideas which was very flexible to them and subsequently the cash frauds were started in the Maritime Group.
However, very soon these frauds were detected by the Maritime Management and proper actions were taken by Mrs.Gamage and Mr.Sadanandan (former Hayleys Accountant).
The next incident was reported in the Dipped Products as there were no controls and the poor supervision of the accountants in the factory at that time. Finally chapter was closed by Lalith karunathilaka with massive cash fraud of Rs. One million two hundred thousand.
This is to inform to the new Chairman Mr. Pandithage, look in to this matter and take the proper action against these frauds. I cannot believe how Hayleys Agro cashier cheat huge amount of cash and I can’t understand why the management did not check the daily cash and account to follow balance and what happened to their monthly reconciliation.
According to the information available Finance Manager, Assistant Finance Manager, and two Accountants are in the Agro Finance, what are they doing? And tell me who responsible for these frauds.( Dan itin Hayleys eke yana yana thena manegersla hariyata ape lankawe cabinet eka wage )
Chairman Pl take action against these inefficient officers. I think this is the time to centralize the finance activities in the Hayleys group again. You can get the support from our ISU to make the proper security system and Mr.Mervyn, Mr.Dhammik and Mrs.Loga for other functions and well experience loyal and honest cashiers, Dharmasena and Pradeep who are still in the service and they will show you how to handle the cash.
Finally I wish you all the best.
Madawala
By: madawala on July 1, 2009
at 12:33 pm
Hi Guys! I am one of the ex-employees of Hayleys Limited. I am Edward Daniel who worked at Hayleys Accounts Dept. as a Cashier.
Very sad to note the current situation at Hayleys. Especially, relating to cashiering functions.
Dear Madawala, I can still remember you well. And not only you but also the others Wagisa, De Mel, Duminda, Ekanayake & Meril.
Wagisa was my successor and he was recognized as a very tough, reliable and sharp cashier at that time. Our distinguished former Finance Director S.Krishnananthan, RAE and all other top people then at Accounts knew it very well and that is why he was assigned to supervise Cashiers after he was promoted, if my memory is correct, somewhere in 1987.
Wagisa, De Mel & Ekanayake left Hayleys. Duminda was promoted and Meril is at QS.
Madawala, you have left out one guy, Meril Fernando who is now cornered at QS. Meril as a very energetic guy, after transferring to QS on MMMDES’s instruction, contributed a lot to that company. He too a reliable and honest guy, but I heard after completing well over 25 years, still stagnated as an Executive. I heard he was promised by his big boss, but nothing was materialized yet.
Coming back to my good old friend Kuga, story is same as Meril. Though, Kuga has only few more years to retire, the management should realize the real value of trouble free cashiers like Dharmasena(DPL) and Pradeep(Haycarb) who once trained under the direct supervision of SK. They were well trained at Accounts, very good at their job and no one else couldn’t find fault with them. I heard their loyalty & reliability not assessed so far in a proper way, other than paying usual increments and bonuses. I feel their honest and reliable services must be recognized and rewarded in a meaningful way.
After the so-called decentralization, many wants to get rid of SK’s control and these are the expected results of such foolish decision.
I still have a great respect to my work place and that is why I am writing this comments. I would like to make the following requests to newly appointed Chairman, AMP for the future benefit of the company.
Cashiering functions at the whole group must be centralized and all cashiers should be controlled only by the Hayleys Accounts. Initially, this can be done by recruiting all cashiers currently functioning at each and every company/division at HO & FLO under Hayleys.
Secondly, all other cashiers currently working at factories/offices located out side Colombo should also be recruited under Hayleys Accounts.
Then they should be trained and given written instructions as to how they should perform as cashiers.
A special monitoring system should be implemented in order to supervise cashiers functions on daily basis and scheduled and unscheduled cash counts/audits must be carried out at specific time.
A suitable stiff computer package (which can not be changed according to everyone’s wish) having useful controls should be used for cashiering functions.
AMP, try this and see this will work for sure!
By: Edward Daniel on July 1, 2009
at 10:35 pm
I feel we must keep that Hay.Agro Cashier and sack Finance Manager, Assistant Fin.Manager and two Accountants immediately.
What the hell they have done until the cashier plays out 2.7 million? Do we further need that type of bosses to run a company?
Agree, all cashiering functions in the whole group must be centralized as soon as possible.
By: A senior clerk on July 2, 2009
at 9:05 pm
NGW went, MP came in. Do we get a real change, as expected?
On 1st July, celebrations were at Hayleys Head Office, restricted to Hayleys GMC & above + MAL staff. All those privileged people had their “Heel Daane” ordered from Perera & Sons.Other Hayleys staff neglected very badly.
At least a piece of cake/ Kiribath for them?
Buddhist religious rituals conducted by Gangarame “Podi Hamu duruwo” and other clergies conducted their rituals at Board Room, where MP currently located until Chairman’s room refurbished.
MP as an old Anandian, we still hope you will build up a good culture at Hayleys!
Sir, please don’t spoil our hopes!
By: Madanayake on July 4, 2009
at 10:40 am
Mr.Accountant(HCPL),
Any news about your friend who robbed company cash?
Sudeera – another cashier who robbed cash at hay. agro got caught. Now, released on cash bail.
But your friend, said to be left the country well ahead you realized his robbery.
Mr.Accountant, what’s the point of being there any further?
By: Saleem on July 6, 2009
at 4:41 pm
..
By: ab on July 8, 2009
at 9:26 pm
Hi Guys If your replacing any Cashiers or Have any oportunities for Cashiers please write or advertise. It has been so easy to do all these robbing type of things at Hayleys known as a blue chip company now.
All have survived because of former Dr DSJ made this company a blue chip. Now its gradually becoming Potato chip.
All accountants should follow of former Mr. SK’s instructions.
By: Ashan on July 8, 2009
at 10:40 pm
Those days Hayleys cashiers only played out. Now it seems to be executives also. A senior executive(a former CMU leader) at wages, involved in misappropriation of funds.
Security was asked by the management not to allow him into the company from today.
By: Kumarasiri on July 10, 2009
at 9:12 am
In vain I too had to leave the company because of my subbodinate Suraj few years ago. This time it is otherway around likely. Poor Ariyadasa’s son is in deep trouble because of his immediate boss NG.
I heard 3 or 4 wages guys were taken to CID today.
Mr. Mervyn Silva has recently taken over wages dept and allowed NG to authorise salaries & wages payments up to 500000.00 That was a wrong decision and this is how he lets you down.
Total involvement is around 15 lakhs. WOW!
By: KBN Silva on July 10, 2009
at 5:46 pm
We are been old employees of this prestigeous company are shocked to note these type of things.To get an increment or promotion those days has been so difficult during our period . Every single cents been checked so deaply. We were some times dissapointed. But were happy to have these type of controls. But what is this happening now? Please keep Mr. SK as a consultant and take people like former Cashier in Charge Mr. WPG Fernando (Wagisa)
to monitor these culprits.
Otherwise will be a Robbers blue chip company.
By: Lakshman on July 12, 2009
at 4:48 pm
Why we go behind ex-employees ? Can’t we find good people at hayleys now?
By: Ruban on July 12, 2009
at 6:13 pm
Reliably learnt that DDWS had praised Jayanthi in a meeting for early detecting the fraud carried out by the cashier at Hay. Agro. That is all bullshit!
That cashier is reportedly doing this for the last 3-4 years. After that only she realized the fraud. Someone who wrote to this forum few days ago said that company has a Finance Manager, Asst. Finance Manager and two other Accountants. What is the point of keeping such accounting qualified staff, if all of them fail or neglect in their duties to detect that fraud at the early stages? On the other hand, it is necessary to find out from cashier as to how he did that despite controls adopted. That will be use full for future system review.
Reliable sources said that cashier is drawing a salary of Rs. 22,000.00. But he is using a car which has a monthly lease rental around Rs. 30,000.00. His wife is not employed, and he has two kids also. Already built up a two storey house somewhere in Kottawa-Pannipitiya having completed the ground floor fully. It is obvious that he can not do all these things with his monthly salary. Then how he did all these things? Why the company heads didn’t keep a close eye on him? Especially he, being a cashier. Where their common sense?
DDWS as the head of the Audit dept. what have you got to say about Agro fraud? Though you have relinquished your duties very recently as the Head of Audit dept., since you were the Audit head at the time of these things took place, you are also responsible for these things to some extent. It is reliably learnt, in many companies no audits were done for the last 2-3 years. This can not be accepted or justified under any circumstances at a company like Hayleys. Hence, everybody knows, you praised Jayanthi just to cover up your own weaknesses.
DDWS, it is a crime to say that you are an accountant trained under SK!
By: Ronny on July 12, 2009
at 9:11 pm
Roy-husbond of Ursula expired.Funeral @79,Katuwapitiya,Negambo, today @4.00pm
By: More-win on July 13, 2009
at 11:27 am
Latest news from Hayleys ,when the Management are in deep sleep cashiers are playing with cash. After Rs.one million cash fraud at Hayleys Consumer recently, another massive cash fraud of Rs.Two million seven hundred thousand was reported at Hayleys Agro Products last week.
I would like to join this forum as I was a former cashier at Hayleys centralized Accounts Department which was controlled by our great Finance Director Mr.Krishnananthan. He had lot of controls, tough instructions which were followed by his assistants without any hesitation.
He did all controls in the computer system with ISU without giving any chance to the frauds. When I joined Hayleys there were Six cashiers in the Accounts Department led by Wagisa Feranando with Duminda ,Dharmasena, De mel Ekanayake and pradeep
Subsequently Wagisa was promoted to staff officer and he was the officer who supervise the cashiering functions by checking the receipts, petty cash vouchers, Account to follow vouchers and his responsible was to check the cashiers final book balance and authorized the batch control registers. Earlier this was done by Mr.Kugamohan and I heard with his over 30 years of service still designate as a Executive.( see how Hayleys treat very loyal and honest employees).
All cashiers did their job very well and honesty with the supervision of our great Accountants namely Mervyn De Silva, Renuka Bowie, Dhammika Siriwardena, BMW, Mrs. Loga and Mr.Piyatissa. I think at that time all cashiers were very confident as always their superiors were behind them. At head office Duminda and Dharmasena
were very strict with the instructions and they involved with Five to Eight million of cash transactions daily for several companies including the payments to the outsiders and Foster Lane covered by Ekanayake and myself. Time to time sudden cash counts were done by the internal audit and managements audit systems (subsidiary of KPMG ) to prevent any incidents.
During the period of 1989/90 when the JVP were very active in the island daily cash balance was more than five million at Head office and all cashiers get together and
handled the cash in the responsible manner without creating any troubles to the management. That’s how we worked in the past.
The only one incident was happened to De Mel and other acting cashier and they were suspended as a cash fraud of Rs.4,000/= which was traced by the management within a short period. Later De Mel went to the court and won the LT case.
After decentralized the Hayleys Group activities, the cashiering functions were also taken over by the Associates and Subsidiary companies and they were changed the system and the instructions with their own ideas which was very flexible to them and subsequently the cash frauds were started in the Maritime Group.
However, very soon these frauds were detected by the Maritime Management and proper actions were taken by Mrs.Gamage and Mr.Sadanandan (former Hayleys Accountant).
The next incident was reported in the Dipped Products as there were no controls and the poor supervision of the accountants in the factory at that time. Finally chapter was closed by Lalith karunathilaka with massive cash fraud of Rs. One million two hundred thousand.
This is to inform to the new Chairman Mr. Pandithage, look in to this matter and take the proper action against these frauds. I cannot believe how Hayleys Agro cashier cheat huge amount of cash and I can’t understand why the management did not check the daily cash and account to follow balance and what happened to their monthly reconciliation.
According to the information available Finance Manager, Assistant Finance Manager, and two Accountants are in the Agro Finance, what are they doing? And tell me who responsible for these frauds.( Dan itin Hayleys eke yana yana thena manegersla hariyata ape lankawe cabinet eka wage )
Chairman Pl take action against these inefficient officers. I think this is the time to centralize the finance activities in the Hayleys group again. You can get the support from our ISU to make the proper security system and Mr.Mervyn, Mr.Dhammik and Mrs.Loga for other functions and well experience loyal and honest cashiers, Dharmasena and Pradeep who are still in the service and they will show you how to handle the cash.
Finally I wish you all the best.
By: JI on July 17, 2009
at 12:42 pm
Hayleys have depended only on highly qualified accountants without any practical knowlegde. This has caused the cashiers to Rob Money easily. Have some prcatically capable people too and this will help the Qualified , High Paid Finance Managers and accountants to survive. Promote Dharmasena, Pradeep, and long lasting Kugomohan to monitor and let their experience help the sleeping people. Its time MMMDS and DDWS.
By: Wasala Peiris on July 19, 2009
at 4:41 pm
Nimal Perera has been appointed as a Director on Hayleys board to fill the vacancy created by NGW’s retirement.
By: NAMAL on July 23, 2009
at 11:49 am
Mervyn has removed from group Pay roll system and Loga was appointed to overlook that function.
Well done RAE!
By: Welgama on July 25, 2009
at 11:29 am
MMDES is one of the talented person in Hayleys group. He is having a good experience with Hayleys group.
By: Asiri on July 29, 2009
at 12:28 am
We know his capability to handle the every functions in group
By: Asiri on July 29, 2009
at 12:31 am
Mervyn- Only head of Hay.Insurance knows his capabilities.
Hay.Ind.Solution is making huge losses. Male funds too not yet received. No legal action also.
AS he is a capable fellow, he was removed from Salaries payroll. Whatelse?
Today Hayleys has sold several hotels. Why to buy NIGHT CLUBS???
By: Upawansa on July 31, 2009
at 4:45 pm
Is that true RAE has resigned from hayleys board?
By: Sundaram on August 1, 2009
at 6:56 am
Sad to hear the plight of Mr.Richard Ebell- a true gentleman @ Hayleys.
Watson, Sandhya and Dharshini were asked to leave the company by HCPL. As they refused to accept compensation according to “Wandhi Suththraya”, HCPL sued them at Labour Tribunal.
Ok, then why no action take against the HCPL Accountant who allowed Cashier to rob around 1Mn ?
Cashier’s resignation accepted, Long Service Award given & final dues also released without clearing Cashier’s account.
Management has to fair by everybody.
BUT HCPL HAS TWO DIFFERENT SPOONS FOR DIFFERENT EMPLOYEES.
By: An employee on August 1, 2009
at 11:16 am
As a former senior employee of Hayleys I was shocked when I heard the sad news from my ever loving company on last Friday.
A great financial officer, good gentleman, genuine Director who followed the good
Corporate Governance in the Board, Mr.Richard Annesley Ebell has given his resignation last Friday over 30 years of service and the Board had accepted his resignation with great pleasure.
I think now all difficulties are over and roads are cleared for the appointment of a new Director to the Hayleys M G T Board and a Deputy Chairman to the Hayleys.
We are waiting to see the Hayleys Non – Executive Directors next Operation.
By: MLP on August 3, 2009
at 5:10 pm
What a pity the last genlemen on Hayleys board has gone.
By: an employee on August 5, 2009
at 2:18 pm
Sarath Ganegoda, once served on Royal Ceramics board under DP has been appointed as the Deputy Managing Director at DPL Group with effect from 1.9.2009.
Sure , he will replace JAGA, once retired.
By: Soysa on August 20, 2009
at 3:55 pm
I take this opportunity to pass few comments as a shareholder of Hayleys PLC about Hayleys Employee Share Trust Scheme.
Last week I met one of my friend’s son who works at one of the Hayleys subsidiary as an executive and I asked few quarries in the current situation of the Hayleys Employee Share Trust. He replied that the employees (other than the managers and above positions) are not getting the real benefit from the share trust and he further said he has more than 15 years service in the company but trust income which was added to his salary last August was Rs.5,200/=.
I missed Hayleys AGM this year and I heard Mr.Manik De Silva raised few questions from the management at the Annual general Meeting about Hayleys Employee Share Trust.
I remember in 1998, Hayleys Company Secretary came to my residence to collect the proxy form to vote in favour of the resolution for the creation of the Employee Share Trust and he said that they are going to implement this scheme for the benefit of their employees and within 20 years the company can settled the Rs.504 million loan and they assumed after the full settlement of the said loan, employees will get the maximum benefit from share trust.
When I discussed with my friend’s son, I realized not only the employees, shareholders are also not getting any return other than 3/= dividend for the year. I think we can expect the same result for the next ten years also and the employees never get the real benefit from the trust.
By going through the Annual Report for the year ended 31st March 2009, I would like to record the following
* In 1998 company purchased 2,400,000 shares for the consideration
of Rs.504 million.
* As per the Annual Report of the year 2008/09 current loan balance was Rs.495
million.
* Last 10 years the settlement of loan amount was Rs.9 million only.
* The market value of the shares held by the trust as at 31/03/2008 – Rs.667 Mn
31/03/2009 – Rs.617 Mn.
Considering the above facts the Board of Directors immediately should discusses whether
they are going to keep this redundant share trust further or dissolve the trust for the best interest of the shareholders and the employees.
As a shareholder of the Company, I think you may dispose the shares and setoff the loan balance in the balance sheets appearing under Non – Current Assets.
When we compare the last two years market prize of the company and the current situation in the Colombo Stock Exchange company can get real benefit by disposing these shares. ( Approx Value @ Rs.135/= per share – Rs.925 Mn).
If you are really thinking about your employees and the shareholders, this is the right time to take a decision for the benefit of the company.
By: NJ on September 2, 2009
at 11:44 am
NJ, Good analysis and a suitable proposal!
I too agree with you as a shareholder and an employee.
If my memory is correct, somewhere in late 90’s a well recognized blue chip company then chaired by a Tamil with the support of another of same boat made an approach to peep into Hayleys board by purchasing some other companies shares where they had more or around 10% stake in Hayleys.
Anyhow that effort was aborted thanks to late MTLFdo’s timely act.
Later Hayleys management introduced HEST in 1998 in order to avoid such situation in the future.
But today everybody knows that the purpose of introducing an HEST was lost. Then what is the point of having such trust?
Better to dispose those shares @ market price now and settle the share loan outstanding balance first and then distribute the balance among the employees.
By: Kulathunghe. H on September 2, 2009
at 2:40 pm
Hi all,
HMGT is no more a Hayleys Associate company. Now it is a subsidiary company. DP has been appointed as a director.
Very recently, at the Chairman’s forum, AMP said that they have an idea to establish a centralized accounts dept. for the whole group. Good idea!
But it is learnt ONLY head office accounting staff will be accommodated in that centralized accounts dept. So, what would be future of accounting staff presently at subsidiary companies? Any VRS for them?
By: Cumarathunghe on September 5, 2009
at 8:40 pm
I start my feelings with the great respect to the shareholder who wrote on behalf of us. I am a poor clerk with more than 20 years service in the Company. In 1998 we had several discussions with the management as union members and finally we agreed to give our fullest support to the management to establish the Hayleys Employee Share trust. At that time management had formed the Employee Share Ownership Plans for the Hayleys Subsidiaries namely , Hayleys Photopront, Haytech Marketing, Dipped Products, Hayleys Exportes and Haycarb.
Our friends who were direct employees of those companies really enjoyed ESOP since they got the maximum benefit. They paid reasonable amount (under loan scheme arranged by the respective companies) and nearly 2,000 to 5,000 shares were issued in their names. Executive staff with more than 10 years service got nearly 10,000 shares. Later they sold their shares with higher prices and some of our friends purchased lands and built houses. As employees of Hayleys we were also very happy and we thought that same way the company would treat for us.
Unfortunately our dream was disappeared when we heard that the shares were not going to issue to the employees. The trust was formed for all employees and they had not given any special percentage or the benefit to the employees of Hayleys and I don’t know why they should not consider the poor Hayleys Employees. The employees of subsidiaries previously got the advantage from their own share owner ship plans and now they are getting their second gain also. As Mr.NJ said last ten years we did not get significant benefit from the trust.
I kindly request from our new chairman to look in to this matter and give up the traditional Hayleys thoughts and do something for us. The company can settle the loan by disposing the half of the shares issued to the trust at the current market prize. After settlement of the said loan Board may implement the appropriate trust giving priority to the Hayleys Employees for the distribution of the balance shares to the eligible employees with a reasonable amount per share (below Rs.50/=) and then the company will get the good return which they can use for the benefit of the shareholders.
By: clerk on September 9, 2009
at 4:21 pm
How can Hayleys survive these jokers as employees? First thing to do by Hayleys is to find them & get rid of them. There are enough people ouside seeking jobs.
Employee side: If you are unhappy of company getout and find a better place!
Start reading Sunday Observer, enough and more jobs are advertised (provided you are a hard worker)
By: Checker on September 10, 2009
at 3:48 pm
Cumarathunge, yes it is true that HMGT is now a subsidiary of Hayleys. But DP was not yet made a director there.
Centralizing accounts functions: Informed sources said a new company to be established within the group to handle entire group’s accounts functions. Most probably Bala will be appointed as the head of that company while leaving well experienced accountant Loga aside.
This company to be incorporated with the support of Indian Company and the relevant discussions between both parties are now underway.
We learnt that this company will initially start with DPL & Haycarb accounts and later will extend their authority over the other companies as well. Furthermore, JAGA who is in abroad now too lodged his strong protest against forming a separate company to handle other company’s accounts.
Cumarathunghe, as you asked, I too will have to ask the same question – What would be the future of qualified accounting staff at subsidiary companies?
By: Krish on September 9, 2009
at 9:46 pm
Checker, if you really feel that Hayleys employees are jokers and if you do not like to be with them anymore, setting up a good example to others by you yourself, please leave Hayleys and go somewhere you can find only intelligent guys.
We will anyhow try to get all jokers on to the correct path in near future.
By: Ruban on September 10, 2009
at 8:37 pm
Who are the jokers? Please go through the below text and then you all will realize the truth.
By going through the above posts, we realized two cashiers, one at HCPL & another at HAPL and an executive attached to Wages Dept. involved in misappropriation of company funds. Total sum involved in all three cases is around 5.4Mn.
How did they do it?
The direct and the very simple answer to the above question is lack of controls over those functions by the management and one can say that is mismanagement or maladministration.
At HCPL, we realized many control accounts like Inter company transactions were not reconciled for many many years.
At HAPL, no audits were carried out by Internal audit dept. Apart from that a senior accounts executive by knowing what exactly happening at the Cashier, declined to make the management aware until the last moment.
At Wages, Salaries & wages control accounts were not reconciled for months. Payee themselves have authorized payments. Must find out who were the accountants who allocated those payment vouchers.
All these irregularities were disclosed by the people who previously made comments to this forum. But what were the actions taken by the top management against the respective heads of the related divisions/companies under whom those three culprits had served?
Nothing.
Answer is very simple as that.
Now you can guess actually who are the jokers?
By: Chathuranga on September 11, 2009
at 9:53 pm
Jokers are those who make comments in this web site (including my self)
I repeat, “those who unhappy can quit; doors are always open”
By: Checker on September 16, 2009
at 8:56 am
Who is next Finance Director at Hayleys? That will be announced today in the afternoon.
Insider or an outsider? Guess who he is?
You have many options NP, MMMDES,SG ??????
By: Lanka on September 23, 2009
at 2:28 pm
Sarath Ganegoda has been appointed as the Hayleys New Finance Director.
By: MLP on September 23, 2009
at 3:08 pm
What to do Mervyn? Now what you have to do is to be a good tea planter.
Already you have tea estate at Neluwa. You can develope it with suupport of SS.
May be a company director doesn’t need but a planter may need more than one vehicle.
In that way you are very lucky! ALREADY YOU HAVE THREE VEHICLES.
One for office use
One for estate works
One for family use – “MONA SEPA DA NE?”
By: Sumal on September 25, 2009
at 10:52 am
Stop this bloody nonsense of sliging mud at each other. Dont you all have any other work to do than to clean other peoples dirty linen?
By: Employee on September 25, 2009
at 10:16 pm
Having some problem in Haycarb. Cashier and several other Executives believed to be involved in misappropriation of company funds.
Investigations commenced & many got show cause letters up to now.
By: Upasiri on October 9, 2009
at 10:44 pm
An emergency top level (directors+GMC) meeting is now in progress at Hayleys HO. Richard excluded. Who care of the people who alreagy tendered resignation?? What are they up to? Wait…….. details to follow
By: Ruban on October 10, 2009
at 1:41 pm
Ruban, please do not tell lies!
If you do not know what is happening at Hayleys, just keep your mouth shut.
The meeting which you referred above is not an emergency meeting and this is not the first time that such meeting was held on a Saturday.
company has taken a decision to avoid week days as much as possible when holding such meeting in order to make easy way to participate GMC members who are working in subsidiary companies located outstation without having any interruption to their day to day work.
Mr.Ebell was in abroad at that time and he is due on Sunday.
By: malaka on October 11, 2009
at 2:49 pm
Mr.K.H.S.Chandrasiri (formerly at Hayleys Manufacturing) passed away yesterday. His funeral will be held at Pannipitiya at 4.00pm on 14th October 2009.
214/7, Smanala Uyana, Devala Road, Depanama, Pannipitiya.
By: Janaka on October 12, 2009
at 9:56 am
Present Chairman must be very busy with Chinyu… no time to look after official work
By: Asitha on October 19, 2009
at 4:47 pm
Present Chairman, Mohan P must be very busy with Chinyu… no time to look after official work
By: Asitha on October 19, 2009
at 4:48 pm
Asitha,
Who is Chinyu? please reply
By: Kalpana on October 25, 2009
at 8:29 am
Today is the last day of Mr.Richard Ebell at Hayleys PLC.
Wish you all the best Sir!
Mahinda.
By: Mahinda on October 30, 2009
at 2:50 pm
Well done, Jeewani for tracking another scam at Haycarb along with Ruwan and Bandara. It seems to be Pradeep has done something together with several executives.
By passing the given instruction to anybody including a cashier is an offence and if “cheating” is added to that, it will definitely be a “gross misconduct”.
Must first find out whether the cashier has done this intentionally or it is only a mistake. If proved it is only a mistake and if he doesn’t have any such previous bad records, he can be given another chance while considering his long service. Otherwise he should be fired at along with the guys who supported him, if any.
Unfortunately, no one came forward yet to praise Jeewani for this tracking.
NCT, you are still long way forward compare to your assistants at HRM on anything! Long life NCT!!
By: Kumaraguru on November 9, 2009
at 5:27 pm
Breaking news from Hayleys!
Hayleys Director and Managing Director of Haycarb Ananda Hettiarachchi announced today that he has tendered his resignation from the entire group with effect from 6th Feb. 2010.
Even though he can serve on the board till January 2011, what is the reason for his sudden resignation?
Guys, if you have the correct answer type hay_answer and send a SMS to 3333. If you are the winner you will be appointed as the next Haycarb MD.
By: Azeez on November 12, 2009
at 1:57 pm
Why not Jeevani praised? She was promoted as a Director @ Haycarb. What else she could expect within two years?
Anyway “2007 batch” through which Sarath, Sunil, Shanthi, Jeewani joined Hayleys is very lucky.
By: Kalpana on November 14, 2009
at 1:41 pm
Hey Kumaraguru,
What do you know about these guys men?
Do you know that Bandara used to forward false medical bills and claim them from Haycarb? Anyway Bandara got a car loan from the company.
Why Jeewani was appointed as DGM ahead of Ruwan, if Ruwan was working hard those days? Way wasn’t he promoted as the finance DGM after previous finance DGM resigned?
Why did Jeewani resign from DPL few years ago? Where was she after DPL?
Is any one like to work under her? She too got a Director post after this.
NCT is earning lots of money from Haycarb due to these kinds of idiot cases.
He is earning more than a DGM per month with transport facility.But most of the cases he handled the company became the guilty party.
Only poor guy Ruwan hasn’t got anything as yet. Paw!!!!
By: disnee on November 20, 2009
at 12:13 pm
Today there was a grand party at DPL to celebrate Long Service Award Ceremony. Nearly 10 employees were awarded for their long service today. Thereafter a booze followed by a dinner.
Dharmasena Widana Gamage the encouraging Matara fellow, the only surviving old cashier at Hayleys group delivered a sarcastic lecture exploring his experience during the last 25 years.
He started his carrier at Hayleys as a cashier and even after 25 years, he still a cashier. Where is the recognition for his long and dedicated service?
Take care Dharmasena! God bless you!
By: Chandana on November 20, 2009
at 9:50 pm
In Haycarb what will happen to Rohan Peris? Wil he be the next MD?
By: disnee on November 21, 2009
at 6:18 am
Only god knows!
As Kalpana siad on 14th November, the members of “2007 batch” are the much privileged people in the group.
By: Chandana on November 21, 2009
at 6:32 am
Do you know about Mervin de Silva’s dirty works?
He doesn’t allow the executives under his purview to go to Hayleys holiday bungalows, but he use that facility by himself as maximum.
And he use to pay the salaries of his staff after several weeks than the dates due.
By: disnee on November 22, 2009
at 6:23 am
Marketing Manager at Hayleys ADC Ms Sandhya Rathnayake died under tragic circumstance yesterday at Nugegoda.
By: Laksiri on November 25, 2009
at 10:39 am
Mr.Fonseka (Ravi) has been sacked.
By: disnee on November 29, 2009
at 12:51 am
New MD will visit Haycarb 1st week December. Rohan Peris ooops
By: disnee on November 29, 2009
at 12:53 am
Rajitha Kariyawasam formerly at Ansell Lanka will be appointed as the new MD @ Haycarb Limited with effect from 4th December.
RRIF was said to have been sacked over heated arguments he exchanged with HCSM.
By: Nandana on November 29, 2009
at 7:49 am
Our officemte M.T.M.Zuhail died today morning of a heart attack and was buried in the afternoon according to their traditions.
MTMZ joined as a clerk at PVM Dept of Hayleys Ltd when Dr. SKG was there. MTMZ was an obedient subordinate of Dr.SKG & within very short period of time, he was promoted to rank of Staff Assistant and thereafter executive, Asst. Manager and Manager just before he has been transferred to HCPL as the in-charge of Pharma div.
However, from there he has been transferred to “Non Allocated” section with several others encouraging him to leave the company on a VRS. He was there until he died and no work has been allocated to him during that period which is little over one year.
He was really upset, once he was kept aside. That may be one of the reasons for his untimely demise.
I take this opportunity to offer my deepest sympathies to his immediate family members.
By: Malsiri on December 1, 2009
at 8:34 pm
Yes Nandana, RRIF was sacked over heated arguments he exchanged with HCSM. Today he is paying for his weekness – listening only to his ever loving little mistress Ms. Nayana Ranathunge. She is now a manager (thanks to RRIF), good companien of new CEO and pretending to be the best emplyee of Ravi. RRIF had no other work but to listen to this young villian who ultimately lead RRIF home as a sacked MD …..! !
Fonny, at least now you should take little time to recall what went wrong in your more than 20years carrier and how it started after you got so attracted to the young devil who never let a single room for you to escape from her spell, until the last minute she gave a so called email print out to your hand and drove you to HCSM with rage built over a period by she herself.
By: Truth on December 2, 2009
at 5:30 am
“Hay-ball” held @ Hayleys on 28th November
AMP seems to have thoroughly disappointed over poor participation of his own guys of Advantis at the hay-ball. A ticket was priced at 950.00 and on last Saturday many of those tickets were distributed among the staff, allowing them to pay back on installment basis.
The reason for boycotting “hay-ball” is due to none paying of monthly salary on time, according to an executive employee at Advantis group. This is a new concept adopted by MD & FD for the last few months in order to manage within the OD limit.
Civaro International seems to be another white elephant in the group. Already many employees are there without a proper duty. Any VRS in the offing MD?
By: Krishanthi on December 4, 2009
at 6:47 pm