Hi there guys and girls,
On Wednesday morning my Managing Director and Operations Director, who owned 50% of the company each, announced that they had been in negotiations with a much larger company for about 6 months regarding a possible sale of our company. They confirmed that as of 10:30pm the previous night they closed the deal and everything was completed. They then left the premises and that was that.
I knew about this the night before as I was chatting with a colleague who is also a friend of mine. Initially I was shocked, and when they finally announced the news I was even more so shocked.
So now, my 31 man company has joined a 600 man company as a subsidiary. We're actually a subsidiary of Northgate Rebus & Moorepay who are two rather large enterprises.
Right now it's too early to tell what the scope will be, but, maybe a move of premises and a few redundancies. I know my job is safe, but I'm concerned about people in other departments who are likely to get made redundant. This all depends on how things shape out though.
What I don't like is how sudden my MD and OD walked out of the premises, and left the new guys to introducing themselves and taking the reigns. I know business is business, but I was actually relatively sad to see this happen.
I'm worried about my company, who were really small in the sense we all knew each other and there was a real good sense of a team, becoming one of these Small/Medium enterprises where we have our own ID cards, there is an automated help desk, and we're just another number in the system and not recognised for what I do as an employee.
The only good thing is, my paths are now much wider and I can go places with this new company. If I work at it I can find myself moving onto other options where as before, the only real sorta "promotion" I'd get if someone was to leave. That happened to me three times in 4 years.
Anyway, what I'm trying to say is, anyone have this happen before? How did you feel? What was the outcome? Anything anyone can share with me would be much appreciated.
Many thanks, and thanks for taking the time to read!