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Posted by: Jaymann Mar 16 2010, 10:53 AM

After 10 1/2 Years of loyal service,they sold us like a used car.So now its rodeo time,tie yourself down to something, and try to hold on to your job,with the new owners.Is this the change we can believe in???Jaymann

Posted by: ericread Mar 16 2010, 11:01 AM

Happens all the time. The company I work for has been sold three times in the past five years.

I often can be heard chanting "change is good".

Maybe someday I'll really believe it...

Eric

Posted by: ArtechnikA Mar 16 2010, 11:16 AM

Ya gotta have hope...

Posted by: kwales Mar 16 2010, 12:50 PM

Hope got sold for her organs.

Need a kidney?

Posted by: montoya 73 2.0 Mar 16 2010, 01:17 PM

I previously worked for two employers that were privately owned and when they sold to Corporate I left. I didn't leave immediately but after seeing management leave I figured "if the rats are bailing off the ship, I should follow there lead"! In hind sight it worked out cause both were eventually pieced out and no longer exist.

Just my .02 worth!

Posted by: kwales Mar 16 2010, 06:45 PM

Size up the new owners and be looking. That way you are covered no matter what.

I went through that with the inept Memorex team. If they start selling the assets and leasing them back, run away. Memorex looted a 1.3 Billion/ year company of every asset, floated a ton of credit, and went through bankrupcy three times.

Of course the Memorex Managers got all the cash before the creditors.

Posted by: charliew Mar 16 2010, 07:15 PM

Good luck to those over 55 looking for something new and good.