‘We are leaving’: Administration cripples company by denying employees raises, leading to mass resignation

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    Cheezburger Image 9839992064
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    Company went into administration, bought out by another who are finding out what happens when you try to do things "your way". Our company went into administration recently. This was
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    the direct result of numerous and continuous ups by several members of the upper management, which was unfortunate as there was a good core of people who were great to work with. And while there were plenty of ups, there were also some pretty
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    decent working arrangements. WFH wasn't standard, but we all had VPN's installed and if we needed to be away from the office for something we could have WFH approved (car getting work done, dr's appointments etc), plus as mentioned before, below a certain level the majority of staff were
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    great to work with, including lower level managers. We were also on 37.5 hour work weeks with early finish on a Friday. So when administration was on the horizon (it wasn't a surprise, we knew we were running out of cash
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    for months) many people started reluctantly looking for new work. Administration comes around and while some people have been speaking to recruiters (myself included) no one has left yet. During the administration process a company we have supplied to
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    regularly comes in and buys us, promising to keep all staff on and make improvements. They came in all smiles and promised to make us better and more streamlined. Except WFH was completely off the table now, it
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    wasn't within the new companies standards practice... Oh and if you forgot to clock in you weren't paid, yes this includes salaried office staff, and if you're late clocking in you were deducted pay (I'm still looking into this as I'm pretty sure under UK law they can't do that unless it's in your contract... Which
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    is isn't in ours). Oh and all those promises the previous administration made about pay rises and role changes, not happening, sorry wasn't our promises. There were also numerous instances of people being on calls only to find that
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    several members of upper management from the parent company were working from home... Thought that wasn't standard practice? Did I mentioned before a lot of people had already been speaking to recruiters? I was aware that
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    myself and at least 3 members of our team continued speaking to recruiters... The others decided to give it a couple of months to see how things went. Several members of my team handed in notice 3-4 weeks ago. Within that time the new upper management started to show their true colours, yelling at
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    staff, setting unrealistic delivery dates etc. so more started talking to recruiters. Then this week they fired 4 members of staff causing one other to resign (2 of these were members of our 3 man purchasing team essentially crippling our ability to purchase materials and
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    parts), 3 more people have been offered new jobs and have all resigned (this included the entirety of the engineering design team and their line manager, one of the longest serving members of the previous company and one of the only people who knows the ins and outs of the designs of the things
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    we make, thereby crippling our ability to produce manufacturing designs/ drawings). One of the people they fired was one of two project managers, the other is just waiting on details for a job offer and if he's happy he will also be resigning, crippling our ability to manage any projects...
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    In the space of a month they have gone from a team of 20 odd to a team of 10, with at least 2 of those looking for a new job right now, possibly more. around and find out I guess...
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    Chicken_Dinner_101919 hr. ago This sounds almost identical to the situation I've been in. Our company got acquired, the new company that absorbed us turned out to be a toxic environment and so 50 percent
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    of the staff have resigned to take other jobs, including myself. These mergers/acquisitions almost never work out for the employees of the company being bought out. 78 Reply Share ●
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    AdSevere8689 · 8 hr. ago This sounds like it may be deliberate, I wouldn't be surprised if they just wanted your companies IP and order book, and this is cheaper and easier for them than redundancies.
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    DirtyPen PalDoug · 7 hr. ago I mean mycompany was bought specifically for its processes and high ratings, then the immediately decided we had to do it their way.. oh now we're rated like they were. Imagine that
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    HamGuy2022 5 hr. ago Does the new owner already have people doing those roles? They don't need two of everything.
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    Reminds me of a Dilbert cartoon... Can't find real cartoon, you ill summarize. Pointy haired boss say "We've been bought, but don't worry they love engineers. They have a lot of them." Reply Share 20
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    Toraden OP 1 hr. ago · edited 58 min. ago Some of the roles they let do, yes, others no, and some they have the counterparts for, like the designers, but they don't have the capabilities or knowledge to pick up and work on our projects.

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