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re: Anyone have experience with their company getting bought out?
Posted on 9/26/23 at 10:17 am to Boss13
Posted on 9/26/23 at 10:17 am to Boss13
I worked for Gulf States Utilities back in the late eighties or early nineties and we were bought out by Entergy. The first few years were okay. They had all kinds of stuff they would give us (the only thing I cared about was they would give us Titleist ballata golf balls). Everything had their logo on it. I worked in a power generating plant. I was just a maintenance hand back then. We had 22 electricians on site. They had a round of layoffs after about two years that reduced that number to I think fifteen people. Then a couple of years later they had another layoff that brought that number down to ten electricians. After that I started actively looking for a job on the nuclear side of the company. It was more secure as far as job security but it sucked working in the nuclear plants. I ended up retiring in 2016 after 32 years with the company. My advice is to try and look down the road as to what the company buying your companies ultimate goal is and plan accordingly. After I transferred to the nuclear side they reduced the amount of electricians at that fossil fuel plant to four a couple of years after that. They eventually shut that plant down so I was glad I made the move when I did. That’s my story
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