The old owners should have sold the company to the workers. My cousin owned a large metal-working company, and when she retired she sold the company to her workers.

"Nothing will change under the new system/management" is when you find a new job. Get out fast. or, if you are a customer/patient? Start shopping.

Where I used to work, the CEO stepped back from the company and let his sons with no business training take over. Soon after they "restructured" me to working part time. As soon as that happened I started looking for work, I found a new job and left (after my notice period). Ironically, the person who taught me what my role involved 9 years previously was still there when i left and rather than hire someone new to replace me, i taught it all back....plus a heap of other new things that no one else in the company knew how to do. One of those things was programming digital forms, something you can't just teach a non-programmer to do in only 4 weeks. Good luck to them but suck it as well. They made redundancies that made no sense and on top of that, 16 people resigned in the next 3 or 4 months. They could see the writing on the wall and abandoned ship. Morale was shot, it is hard to get that back when the trust and job security is gone.

It's simple just to say that the new owners were profit-driven and wanted to streamline the business as much as possible, and that's what it looks like on its face, but the original owner sold because he was old and wanted to retire, not because the business was failing. Anyone coming in and acquiring the company should take a loooooong good look at how things work, and why they work, before they go messing it all up (or maybe fixing it up). Bless Jimmy.

GOOD FOR YOU JIMMY!!! thumbs up. These and many other companies like this think that they can just walk in and drastically change things. When you take over a business it is not only about the paperwork and profits it is also about the workers that make it a success. If the company was doing well before then why change that? Dont mess with what dont need fixing!

This isn't actually a true story. It's a parable that's been around forever

The cornerstone of capitalism.

I've been on both sides of takeover. Believe me, "nothing is going to change" and "we aren't planning layoffs" are the most common lies. I survived among few others who weren't laid off when our company was taken over. I watched them replace all my skilled colleagues with their people who had zero experience of that business. Turnover melted to a 1/4 in a year because customers left. They did the same thing to a bunch of companies actually. The plan was always to expand to new businesses but they managed to destroy them all one by one. I left couple of years ago too, not sure if they have continued this path.

this is what happen when you doesn't respect your workers. treat them well and they'll be there for you. give them s**t and they'll give you s**t! bosses in american acted like they're dictators and wonder why it goes in the drain

What kind of third world, uncivilised country is this that a 63 year old doesn't have the option of retiring rather than having to find a new job?

My dad was six months away from retiring, he was eligible to retire, but was planning on retiring at the end of the year. He had been at the company for 25+ years. In July they put out the schedule for the next six months and he was scheduled to work every single holiday! He asked them to change it, and they refused, so he said « I’m giving my two week’s notice. » So they had to change the schedule anyways!

Yes big big mistake. I hope all corporations are reading this article and realise if they even try this s**t on any business like that especially to those who worked hard, this is the karma they will get. I worked hard in my role until they shat on me by taking away my accrued leave and humiliating me for my disability and health issues, so I got my revenge on them and in the end got a big payout. Watch how you treat your hardworking employees!

That's definitely sticking it to the man!

My ex employer ( Zurich Ins Co ) bought out a competitor in 1989 & guaranteed the other company’s employees jobs would be merged with Zurich’s. Their staff were 15% higher paid per job thus Zurich did a good thing & promised to raise our salaries accordingly. I was a supervisor of 15 staff & had worked there improving the Company for 14 years - not bragging . They tell me I have a new boss from the other Co. who has NO accounting experience at all thus I would train him — hmm. First thing he tells me is to advise MY staff that the promised “catch up” raises were “now going to be staggered over 3 yrs” - to which I tell him “NOPE, that’s your job to fall on the sword”. He replies, “ so I guess you are not ON MY TEAM “ & I replied “ we bought your A... out, & you think I am going to play 2nd fiddle to a NON Accounting d...k that they had to “place” over me ? Shove your head up your A..., get me a $50,000 bye bye settlement ( which he did ) & I will leave without damaging the Co.

I agree with both. I barely have a 14 days paid off leave a year and this dude gets freaking almost 3 months. Then the new owner obviously cuts it to one month. It's still a lot. The employee was a little unreasonable although that is somewhat understandable. I'm jealous. I want 4 weeks paid off too :( I wanted to go to a honeymoon and after all of the holidays (where the company declared it wasn't working) after working for a year all I got if 5 days paid off! 5 days! and this guy complains about 30 days of paid off leave...

Jimmy is a legend

The basic error of bosses who think their staff needs them (and the job) more than they need their staff. And while the assumption might be true in many individual casses, overall it really isn't.

8 weeks for 25 years? Seriously? And that is generous? Maybe I misread something, but in any European country 4 weeks a year is normal. How is USan example to anyone?

Well played Jimmy

company let people take time off without approval? Idkat

I am guessing someone else can do his job now that he left since he did have 10 weeks when someone else had to do his job while he was on vacation.

Unless the new owners reneged on the specifics of their sale, it sounds like the old owner may have messed up. These things are usually negotiated during a sale, especially if the owner actually cares. At my company, when a building or site is sold, if our employees are kept on we make sure their outstanding PTO liability is carried over to the new owner or is completely paid out by the old owner. And their accrual rates never change.

Let's all salute to Jimmy!

Luckily this kind of behaviour is illegal here. But they thoroughly deserved what happened..

when I grow up I want to be like Jimmy

Smart companies are set up so that the loss of any one member isn't a serious problem.

It's absolutely disgusting how 98% of companies out there treat their employees like week old dog shite.