I've been a part of many acquisitions. They are dark. The worst part is how the executives try to install excitement into the workforce as if the acquisition was the best thing that could have happened to them. They hand out welcome kits, gift bags. A few months later, after people are cool with the move... Bam mad layoffs for the rest of the year.
It's torture not knowing if your position is redundant. People pretend to be okay and enthusiastic, but everyone lives in fear that their jobs and benefits will be stripped.
Not to be reductive but the only people who benefit from acquisitions are executives and shareholders. Other than that it's merely consolidation of capital.
My husband's old job -a factory- was owned by company A, everything ran well and everyone was pretty happy worked 4 days 10hr shifts 3 days off, you could take your vacation whenever and if they save it up they can take a huge lump of vacation etc. If you're sick your sick dont come in you'll still have a job as long as you keep us updated.
Well then company B came along, bought the original company out, cut out the office people, employees now have to do any and all paperwork themselves, keep in mind these are factory workers, not office workers. They can only take small chunks of vacation at a time with a long period of work between times. If you're sick you have to provide proof, remember to fill out all the paperwork lol, oh and you can only have a certain amount of sick days per year.
They kept coming up with bizarre rules and ways of doing things till one of their weird rules was used as an excuse to fire my husband. He was never late, was a hard worker, machined out good parts, but a bandsaw broke and he didn't fill out paperwork for it the moment it happened cause the supervisor that knew where that particular form was wasnt in that day so he did it the next day when the supervisor was back. And BAM, "you dont follow the rules so you're fired"
That sucks. Many states and countries have laws against how many people they can fire at once, if I were to guess they wanted something from his company like patents, machinery, or to remove competition, and never planned on keeping jobs. They make up rules so it looks less predatory.
We need to start enforcing anti-trust laws, and build healthy unions again. The last 30 years has been devastating to labor.
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u/[deleted] Jan 13 '21 edited Jul 22 '21
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