My Company was bought out by another, and they came in like gang busters telling us how they plan on expanding, wanting to grow us more it was awesome!!!! Then they got a clue and thought since they had operations on the east coast and west coast, they didn't need to have a company in the " middle of the country" direct quote by the president of operations. He was a true idiot. Though I was able to get a job with a sister company that they sold back to the original owner and kept my seniority. Some employees went back to the new owner's headquarters. they reported back that they had lost a major account worth 100 million a year. It was my acct. that when I 1st started 31yrs ago and was only worth $500,000 a year. I grew the product from day 1. I was so happy to hear that they screwed it up after my boss and I warned them of their mistake that this kind of move wouldn't work. They lost the account in less than 1 yr! I have kept in touch with several of my core friends from the original company. Some had families and were not as lucky as me ... they lost everything Some ended up in divorce. Their kids fell into the drug scene turned to crime. I feel so bad for them. I'm sure most of that may not be caused by loss of a job, but we were making bank with plenty of OT everyone was doing well. I'm hoping to retire in a few yrs with my current company fingers crossed. In Short LOL.... Most companies that move probably really don't or want to know the impact or toll it puts on employees who end up losing jobs. It just proves the point Profits above all!!!
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