Company being bought out | TigerDroppings.com
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Reubaltaich
USA Fan
A nation under duress
Member since Jun 2006
2907 posts

Company being bought out

Hey guys, my place of employment is being bought out by another buyer.

I have a feeling that we all are going to have to 'reapply' for our old positions.

This is in Louisiana and basically we are all 'at-will' employees.

What should I look for?

TIA


I Love Bama
Alabama Fan
Alabama
Member since Nov 2007
33753 posts

re: Company being bought out
quote:


What should I look for?



Prayers sent


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jimbeam
USA Fan
University of LSU
Member since Oct 2011
36378 posts

re: Company being bought out


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AUtigerNOLA
Auburn Fan
New Orleans, LA
Member since Apr 2011
11491 posts

re: Company being bought out
Depends what industry you are in, specific division and how big your company is etc..

In the previous bank I worked at, we merged with another bank that was almost of equal size. But I did not have to reapply for the same position because our department and work load would double. There were other divisions that got cut though and had to look for jobs. So it really depends.
This post was edited on 2/20 at 5:34 pm


Reubaltaich
USA Fan
A nation under duress
Member since Jun 2006
2907 posts

re: Company being bought out
The business is about 70 employees.

I feel some are going to be let go, especially on the management level.

I am in sales and I do decent money wise, not OT money

Just wondering what tips anyone of ya'll can offer.

Thanks


Golfer
LSU Fan
Coral Bay, St. John, USVI
Member since Nov 2005
58555 posts

re: Company being bought out
You a "new" CB&I employee?


Reubaltaich
USA Fan
A nation under duress
Member since Jun 2006
2907 posts

re: Company being bought out
quote:

You a "new" CB&I employee?


No, just inside sales.


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AUtigerNOLA
Auburn Fan
New Orleans, LA
Member since Apr 2011
11491 posts

re: Company being bought out
Management is usually the first people let go when a new company buys.

Since your company is very small, I would say they will have you reapply and keep the best ones on staff. It would be wise to be sending out apps as a backup plan.


boosiebadazz
Member since Feb 2008
48791 posts

re: Company being bought out
i'd be getting all of your sales numbers in a nice, presentable format

either for the new guys or for another job



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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
24278 posts

re: Company being bought out
quote:

Management is usually the first people let go when a new company buys.

Since your company is very small, I would say they will have you reapply and keep the best ones on staff. It would be wise to be sending out apps as a backup plan.


^^^This X 10000


Reubaltaich
USA Fan
A nation under duress
Member since Jun 2006
2907 posts

re: Company being bought out
thanks for the tips guys.

I will let ya'll know.


Vols&Shaft83
Tennessee Fan
Member since Dec 2012
24278 posts

re: Company being bought out
quote:

thanks for the tips guys.

I will let ya'll know.



Just out of curiosity, what type of sales? Commission? Salary + Commission? Just Salary?


Reubaltaich
USA Fan
A nation under duress
Member since Jun 2006
2907 posts

re: Company being bought out
Salary + commission


Vols&Shaft83
Tennessee Fan
Member since Dec 2012
24278 posts

re: Company being bought out
quote:

Salary + commission


If you were strictly commission, I'd give you a 99.9% chance of retaining employment, because salesmen are valuable commodity. With you drawing a salary, that makes your risk of being laid off skyrocket, Unfortunately.

Yes hope for the best, prepare for the worst. Definitely get that resume together, and start putting apps out ASAP.

But here's the bright side, the career of your dreams may be waiting right around the corner.

Best Wishes Bro


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Blakely Bimbo
Alabama Fan
Member since Dec 2010
1172 posts

re: Company being bought out
Do you know anyone who works in Human Resources at another company? Maybe a friend of a friend or someone you went to school with in the past.

If so, ask for advice and tap into that resource.

My husband was to be transferred with a company and he did not want to go. A HR guy he knew at a large corp. counseled him and coached him on how to handle the situation. Worked out great.


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dewster
Vanderbilt Fan
Member since Aug 2006
9788 posts

re: Company being bought out
My company buys out competitors all the time.

Start looking for another job...especially if you are middle management or if you are with a non-core profit center of the new company.
This post was edited on 2/21 at 7:05 am


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