soooo.... my company just got bought out.

[i3ooivl]

So for the past few years I've been a mechanical engineer for an engineering firm in the defence industry (DRS Technologies). This week an ITALIAN company (Finmeccanica), that is 35% owned by the ITALIAN government, has just announced plans to buy out my company.

I'm pretty sure Finmeccanica is going to have to have an American division and an Italian division, but I still think its pretty weak when a company overseas can swoop in and buy an american defence contractor.

*Updating resume*:cryying:

http://www.iht.com/articles/2008/05/13/business/finmec.php

 

[1993R]

It's happening because of the weak American dollar. You will see many foreigners investing in US real estate too. Don't worry I worked for a company for 20 years and survived six buyouts. My former boss quote " I have been bought and sold more than a New Orleans hooker"

 

[Bullitt995]

So for the past few years I've been a mechanical engineer for an engineering firm in the defence industry (DRS Technologies). This week an ITALIAN company (Finmeccanica), that is 35% owned by the ITALIAN government, has just announced plans to buy out my company.

I'm pretty sure Finmeccanica is going to have to have an American division and an Italian division, but I still think its pretty weak when a company overseas can swoop in and buy an american defence contractor.

*Updating resume*:cryying:

http://www.iht.com/articles/2008/05/13/business/finmec.php

I would get the hell out of there. Working for the French/Italians sucks.

 

[i3ooivl]

I would get the hell out of there. Working for the French/Italians sucks.

Thats exactly what i'm thinking. The press release said "dont worry, nothing is going to change"


.... my ass

 

[IEatGt's]

...The press release said "dont worry, nothing is going to change"

*Big Booming voice with Lots of Reverb*

DON'T YOU BELIEVE IT!!

 

[SnkBtn99]

I feel for you brother. Our 100+ year old business was just officially put on the market today. 100% guarantee that this business will be bought by Chinese, Korean or European company.

Household American name will no longer be American.

http://www.reuters.com/article/ousiv/idUSN1520830120080516

 

[bugmenot]

I would get the hell out of there. Working for the French/Italians sucks.

Not saying it doesn't suck, but the Italians are not the French.

 

[Bigredmk86]

Best company I ever worked for got bought out. Five months later I was given a pink slip and was tolt that I was "Redundant." I was laid off once before by another company, but I took this one really hard. Loved that company and the people I worked with.

Not to scare you but you better update your resume. Always be prepared for the worst.

 

[94_Vert]

"Peter, uh im gonna need you to, uh come in on saturday, okay, great."

 

[2KBlackGT]

"Peter, uh im gonna need you to, uh come in on saturday, okay, great."

:lol1:Classic

 

[Sinnz28]

I used to work for ingersoll rand and we got bought out about a year ago by Volvo.
they said the same thing "nothing is going to change" alot changed but it's not bad.
Good luck with it.

 

[TwinTurbo4vGT]

My former boss quote " I have been bought and sold more than a New Orleans hooker"

:lol:

 

[randyp97svt]

Move to Orlando, we are looking for some M E's look up oceaneering on the web.

 

[harry gilbert]

You'll have it made! Form a workers' council, and insist on the same generous vacation and holiday packages that French and Italian workers get.

 

[Juruense]

My company does business with your company! :beer:

I was just working with one of these earlier:
http://www.drs.com/Products/Scorpion_PDPU.aspx?cat=Tactical_Systems&subcat=Sub_Cat_4

 

[i3ooivl]

My company does business with your company! :beer:

Do yall need a soon to be unemployeed ME

 

[thomas91169]

So for the past few years I've been a mechanical engineer for an engineering firm in the defence industry (DRS Technologies). This week an ITALIAN company (Finmeccanica), that is 35% owned by the ITALIAN government, has just announced plans to buy out my company.

I'm pretty sure Finmeccanica is going to have to have an American division and an Italian division, but I still think its pretty weak when a company overseas can swoop in and buy an american defence contractor.

*Updating resume*:cryying:

http://www.iht.com/articles/2008/05/13/business/finmec.php

My company got bought out by an Italian company a few years back, before i started working here.

It sucks. The Italians suck at business. They dont understand you must make money to spend money it seems. Its like pulling teeth to get decent bargain bin equipment approved. We have Chinese hardware producing our product with Italian software running it, if its not dialed in, our product sucks balls.

im just buying my time with this company, getting experience and then going to move on to an American owned one.

 

[Bullitt995]

Not saying it doesn't suck, but the Italians are not the French.

Well no other country really compares to the work ethic of the cheese eating surrender monkeys.

 

[baginoman]

Well no other country really compares to the work ethic of the cheese eating surrender monkeys.

keep ur mouth shut..

 

[Bullitt995]

keep ur mouth shut..

Why, it's so easy to badmouth the French, you know they can't fight back.