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big company acquiering smaller one

  • 06-05-2008 8:37am
    #1
    Drexl Spivey
    Registered Users, Registered Users 2 Posts: 528 ✭✭✭


    Hi,

    My company has been acquired by a larger corporation.

    They don't need to cut costs as the business is booming.

    They are reviewing staff with a view on integration or redundancies depending on their skills.

    My question is : within the above context, is it legal to reinterview staff? Is it legal to reassess their value?


Comments

  • #2
    Eoin
    Registered Users, Registered Users 2 Posts: 21,263 ✭✭✭✭Eoin


    I was re-interviewed in my last company during a shake up of our IT department, and there was not even a change of ownership. However the people they didn't keep on in their existing roles were not laid off, but moved to another unit for "re-asssignment". This was a heavily unionised company as well.

    Most companies will try and cut costs though, it doesn't matter if business is booming.


  • #3
    Saint_Mel
    Registered Users, Registered Users 2 Posts: 2,602 ✭✭✭Saint_Mel


    I worked in a company before that was aquired by another one.
    They kept all the staff but moved our nice centrally located offices to their buildings a fair bit away. Then took the design & development work of the applications we were developing away from our employees and passed it on to their own staff, while our department was given crappy work. This continued until pretty much everyone left!!


  • #4
    snellers
    Closed Accounts Posts: 465 ✭✭snellers


    no shadow of doubt that if at all possible they will integrate resources (all HR in one place....etc...etc. the only times this is unlikely to happen in the near future will be if they aquire another company that compliments them and offers a different product/service. If your smaller company is similar then you can expect wholesale changes.

    if the company is a smart one they would have used due dilligence before buying your co. and therefore will have a plan of action with regards to integration.....the best you can do is keep an ear to the ground and your eyes open......if you get the slightest hint of redundancies from a reliable (and I must stress RELIABLE) source then I would suggest you discretely start looking for other opportunities elsewhere. Your position may not be at risk but until you are sure of it I would be proactive with the job hunt (you will be getting a headstart over any other colleagues if the worst happens).

    Only peice of advice I can give is to keep quiet with regards to any rumours you hear...even with close friends at work....with buyouts these rumours spread very very fast as people afraid for their jobs and unintentionally can cause huge problems- you don't want to get involved with this crap

    i hope things work out the best for you!!


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