What would you do - Hostile Takeover

[stevieb]

The company i work for has been approached for a buy out by a larger competing company. The company i work for has had a tough time in the last 18months, and things are getting worse. I have already been through consultation for redundancy but i managed to keep hold of my job.

There are other members of my Team (14 in total), that have been asking me what they should do.. Me being there manager am in a catch 22 situation.. on the one hand i want them to stay so they finish the work we all started.. but on the other hand i would like to advise them to start looking for a new job.

I am personally and have been looking for 2 month for another position. So far had 2 interviews and 1 offer, another 2 interviews next week. I am not looking to stay, i am looking for some a way to earn money to keep a roof over my familys head.

But given the situation, I would be unable to complete the projects without them, but i respect them as people and would be concerned if some of them were made redundent as they have familes to look after etc. I do not really have much loyalty for the company, but the clients have helped me secure my job here by awarding work to us earlier than planned.

anyone opinions?

[Fittster]

You're being paid by the company, you have to tow the company line.

[jon-]

stevieb said:

staff have been asking me what they should do..
<snip>
i want them to stay so they finish the work we all started
<snip>
I am not looking to stay

Do you know anything about the take over?

[stevieb]

I know only what has been put in the industry news sections, and the FT. The company taking us over is in a good position with over 400 Million avalible to fund the take over..

But our comapny has not performed aswell as expected, and is likely to breach it banking terms towards the end of Feb.

I am looking to go due to the way the existing management have treated me during the last 6 months.

[amir_j]

stevieb said:

There are other members of my Team (14 in total), that have been asking me what they should do..

Do the right thing.

[stevieb]

amir_j said:

stevieb said:

There are other members of my Team (14 in total), that have been asking me what they should do..

Do the right thing.

But doing what is probably the right thing does not tow the company line! hence the bit of conflict

[amir_j]

Judge the individuals if you know them well enough, if you know they have sense have a casual chat in passing, those you suspect may put you in it dont help.

be subtle. don't say start hunting, say you should always keep your cv up to date etc

[Scraggles]

reminds me of doing a due dilligence report on some factory site, the management had told the workers that jobs and site was secure, was under orders not to let them know the real reason

noted the nice new supermarket on one side and housing on the next... suggested they look around the site borders and see what is new, would they want to live next to a smelly, run down factory ?

site was closed and flattened soon after

[JustinP1]

stevieb said:

amir_j said:

stevieb said:

There are other members of my Team (14 in total), that have been asking me what they should do..

Do the right thing.

But doing what is probably the right thing does not tow the company line! hence the bit of conflict

Why should you have to tell them what to do?

As long as you are not disallowed I would simply inform them of the facts and let them make their own decisions based upon that.