another bloody yank

It appears my company was just "aquired" by a larger company.

I'm getting nervous... On the other hand, nothing about layoffs has been said and we were scheduled to move to Kentucky in a couple years (a move which I was not planning to make) so I would have been looking for a job at some point soon anyway...

I've been here 16 years and all the change lately is making me feel uneasy...

Just verbalizing some thoughts...

scrubbedexpat097

Don't panic................yet


16 years is good if they downsize with the "last in, first out" system.

Stay calm mate, you'll be ok

another bloody yank

It's still very early and even if they did "downsize" me (*shudder*) it might turn out to be a good thing...



As long as I get to keep my 4wks vacation.

chicagojlo

The bank I work for was taken over last October officially, the talk of it had been going on for almost a year prior to that. Not many people have lost their jobs even now, and they are saying the end of the year before any major cuts.

cybersecretary

Which company did the acquisition? Whats their history on these?

scrubbedexpat097

A change in direction career wise is often very good....(as long as you keep your 4 weeks!)

another bloody yank

Hewlett-Packard and I'm not sure... I'm having enough trouble translating all the corporate/business/financial speak in the articles I'm reading!

cybersecretary

Erghh. Hopefully their history in acquisions means they keep and develop rather than asset strip. OH UK employer was taken over by big US corporation which is how we ended up over here. Hope your new owners behave responsibly towards employees.

chicagojlo

Seen what country we are in?!

(Only kidding!)

zargof

Ahh yeah, forgot you worked for EDS. Not sure if you've read this article yet, but there isn't too much business speak in it. http://www.theregister.co.uk/2008/05/13/hp_buys_eds/

I think this bit is relevant to you:

"On job cuts, EDS' Rittenmeyer said the firms had very little overlap. He added EDS was already cutting its workforce and this would continue, but added that as part of a bigger company there would be more opportunities for employees. The ones that aren’t laid off obviously."

This seems to imply that if you weren't worried about your job before, then you shouldn't be worried now.

another bloody yank

Thanks for that, lessens my concerns somewhat.

Irn-bru

I really hope you are OK..its horribly unsettling the 'wait' in finding out if a job is still secure. All the best ABY, hope its good news.
Did you have some ideas in what you were going to do in a couple of years anyway, could you do that now? (I know with a recession its not easy)

And on a purely selfish, jealous note 4 weeks holiday..ya lucky dog

another bloody yank

No, I have no idea what I was going to do, maybe retrain into something else? There's not much call for what I do around here and certainly not closer to where I live. We were thinking of selling our house soonish and getting a smaller (cheaper) place so I'd have more options as far as a job, maybe I'll actually start looking into that.


And yeah, 4 weeks is very nice...

another bloody yank

We just got a giant Rah Rah email from the CEO telling us how great this will be.... blah blah "Global Brand" blah "Excellence" blah blah "Historic Day" etc etc...

Followed by this:

Cautionary Statement Regarding Forward-Looking Statements Certain statements contained in this document, including EDS’ future expectations, beliefs, goals or prospects, and any statements that are not statements of historical facts are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those stated in the forward-looking statements. Important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements include: (i) the conditions to the completion of the proposed merger may not be satisfied, or the regulatory approvals and clearances required for the proposed merger may not be obtained on the terms expected or on the anticipated schedule (if at all); (ii) the parties’ ability to meet expectations regarding the timing for completion of the proposed merger; (iii) the possibility that the parties may be unable to achieve expected synergies and operating efficiencies within the expected time-frames or at all; (iv) operating costs, customer loss and business disruption may be greater than expected following the transaction; (v) the retention of certain key employees at EDS; and (vi) the outcome of any legal proceedings that may be instituted against EDS and others following the announcement of the merger agreement. These factors, and other important factors that could affect these outcomes are set forth in EDS’ most recently filed Annual Report on Form 10-K and its other filings with the Securities and Exchange Commission, in each case under the heading "Forward-Looking Statements" and/or "Risk Factors." Such discussions regarding risk factors and forward-looking statements are incorporated herein by reference. EDS assumes no obligation to update or revise any forward-looking statement in this document, and such forward-looking statements speak only as of the date hereof.



I love corporations...

Xebedee

The words make sense.
But not in that order.