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Jump ship or hang in there.....

  • 13-03-2008 3:23pm
    #1
    Shelli
    Closed Accounts Posts: 919 ✭✭✭


    The large well known company I work for is being sold to another large well know company, not going to mention any names as we have already been warned not to comment on the sale to any media sources, anyway it could take up to 9 months for the competition authority to finalise it’s findings and for the transfer to be completed.

    The department I work in will more than likely close and redundancy issued. I’ll be here over 4 years at that stage, so I’m due a decent enough payout.


    Some people have started to jump ship already, but mostly its people who wouldn’t be due a payout. Obviously if an amazing job came up I’d be looking long term and going for it, but I’m probably going to hang on here till the end…..or possibly transfer over to the new company if they had a position available.

    My question in, how do prospective employers view candidates coming from such a situation? The redundancy will have not been made because the company went bust, the opposite in fact, we’re doing so well at the moment it was the right time to sell. But i know only too well from past experience that it's easier to get a job while in a job!


    Any opinions / comments?


Comments

  • #2
    Kenjd
    Closed Accounts Posts: 607 ✭✭✭Kenjd


    Hang in there, get the cash, or try and get a new position within the new merger!
    Then if that doesn't work out seek another job. I don't think that you will have any problems with a prospective employer, just be honest! Honest in regard to your skills and why you left the company.
    Good Luck!


  • #3
    growler
    Registered Users, Registered Users 2 Posts: 2,188 ✭✭✭growler


    hang in there, see what happens once the takeover happens, you may get a payoff or be offered another job, if you are offered redundancy you will still have a consultation period in which to look for other jobs and in the meantime you can always talk to recruiters about you thinking of moving on (for whatever reason) at the end of the year and see if anything interesting comes along.

    It seems very strange that a company would share this kind of info with staff and then tell them to be quiet, why do it? no way people would keep quiet particularly those that have left, unless they made everyone sign a confidentiality agreement and even then its doubtful.

    Very fishy tbh.


  • #4
    Xcellor
    Registered Users, Registered Users 2 Posts: 2,821 ✭✭✭Xcellor


    Same situation here. The company I work for has been taken over by a giant in the market. While no plans as far as I am aware for redundancy I can see the company slowly going down the plug hole little by little as this company gains more of a grip of our customer base and our marketing stategy.

    I have started to look for other jobs and will take the first good opportunity that comes because I know its only a matter of time before... Better to be prepared I suppose...

    In your case maybe just test the market, see whats out there. Will you find another job easy enough? If so stay and wait for the redundancy package then find a job afterwards.


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