Acquisitions and Uncertainties
Well... This wasn't what I was planning on writing about this week but I will feel better to get this off my chest. A message came over the PA system around 9:00am this morning asking for all employee's to come to the main office area for a company announcement. My boss the company President and owner brought to our attention that our company is going to be facing another change. It was announced this morning in a press release that a muti-billion dollar print consolidation company entered into a letter of intent to acquire our company. Needless to say this raises more then a few concerns about the future of our jobs.
The owner stressed that fact that this us being done to help solidify our companies future. I believe in my heart of hearts that the owner is doing this for the betterment of the company and its employee's and not to just line his pockets. There are possible good things to come of this. For one we will have more resources to achieve our goals as a company to grow larger and expand our business. At the same time there are glaring concerns about the future of many of our jobs. These types of scenarios typically goes 2 ways: 1. The company will just over see our operations and as long as our sales are in-line they will for the most part leave us alone and the changes will be very minor. 2. The other way is they will clean house from the bottom to our owner and bring in there own staff to run it. This is a very possible outcome as well I know for a fact that this company has its own farm system for raising employee's to take over their business as sales manager/plant managers/presidents. Either way I can pretty much guaranteee that our accounting department will change. No matter which scenario plays out this company will want its own CFO's and accountants in here as opposed to ours current team. Well end result will be potentially really good or potentially very bad. The due-diligence is 3 months so we will see after that is complete how this will all play out. Here to hoping!
~John
The owner stressed that fact that this us being done to help solidify our companies future. I believe in my heart of hearts that the owner is doing this for the betterment of the company and its employee's and not to just line his pockets. There are possible good things to come of this. For one we will have more resources to achieve our goals as a company to grow larger and expand our business. At the same time there are glaring concerns about the future of many of our jobs. These types of scenarios typically goes 2 ways: 1. The company will just over see our operations and as long as our sales are in-line they will for the most part leave us alone and the changes will be very minor. 2. The other way is they will clean house from the bottom to our owner and bring in there own staff to run it. This is a very possible outcome as well I know for a fact that this company has its own farm system for raising employee's to take over their business as sales manager/plant managers/presidents. Either way I can pretty much guaranteee that our accounting department will change. No matter which scenario plays out this company will want its own CFO's and accountants in here as opposed to ours current team. Well end result will be potentially really good or potentially very bad. The due-diligence is 3 months so we will see after that is complete how this will all play out. Here to hoping!
~John