You never hear “Aw man, the new owners are awesome! Everything’s so much better now!”, it’s always a downgrade, usually a significant one. It’s never about improvement and always about cutting costs and leaving the buyee company to die.
You never hear “Aw man, the new owners are awesome! Everything’s so much better now!”, it’s always a downgrade, usually a significant one. It’s never about improvement and always about cutting costs and leaving the buyee company to die.
I work in heavy industrial production and my company bought another.
Their plants were in a much worse state in regards to health and safety. Higher incident rates, worse safety practices, less maintained equipment and a worse culture about mistakes and criticism lead to people get hurt much more often.
Among all the corporate nonsense, I appreciated that they actually invested the money to make work safer. People get heavily injured or lose their lives when dealing with these large machines. Most of the workers there were grateful as the last owner was just interested in running the plant dry, no matter the cost of human lifes.