I saw a news article that states that Genco (Pittsburgh, PA) has offered to purchase ATC Technology for “$512.6 million in cash”. According to the CEO of ATC Technology, Todd R. Peters, “said the deal serves the best interest of its stockholders, customers and employees.”
Well, maybe the customers and maybe the stockholders, but I can assure you that it won’t serve the employees.
To ATC Technology employees — RUN! Start looking for a new job now. Because everything is going to look wonderful and it will be all happy and lovey dovey, but in a year or even two, GENCO corporate will come in and make your life miserable. I know, I’ve seen it happen. That’s why they are my ex-employer. I worked there for just shy of three years. The first two were fine, but the last year was pure hell.
And, since GENCO is privately held, they don’t have to tell you about their finances. They don’t have to tell you how much they’ve made. They can tell you business is bad, so you’re all getting a 1.1% raise and at the end of the year, they’ll say they had the best year ever.
Just trust me, RUN!