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Sorry to hear this.

No chance of spinning it of as a workers owned company? You seem to have customers outside (since you reached break-even without paid intra-company work) and expertise they will have to pay for down the line. Well maybe capital requirements prevents it, just wanted to throw it out there.

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by A swedish kind of death on Fri Dec 19th, 2014 at 04:34:52 AM EST
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We did consider that, but capital requirements is one insurmountable obstacle, another is a rather weak bargaining position vs. the railway (for our job we need the cooperation of several branches of the company, including ones under the same manager who is getting rid of us). Also note that if we continue in whatever form, we can't transfer and will have to re-acquire that international certification.

For now I agree with my boss that we should first wait and see what specific employment offer that Ltd. boss will make towards us. He has no men with the expertise of any of our remaining team (he can't use our equipment or analyse data or write reports to customers without us), so we are not entirely powerless to make demands (like no major wage cuts). Add to that that there would be one definite positive change: this guy is willing to approve significant investment and see a return in as long as two years (of course financed by his overcharging of the state company who wouldn't invest in us directly, but whatever). But who knows, he may still opt to kick us out of his room if we don't accept a 50% wage cut.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Fri Dec 19th, 2014 at 06:04:27 AM EST
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