Grifols has made it very clear that the deal works because of the cost savings through consolidation and elimination of redundancy by merging the two organizations. This means the highly paid Talecris employees throughout the organization will be let go. Grifols will do it their way which is with a pay scale at or below industry standards which is absolutely contrary to the Stern wall street mentality of oversized paychecks for executives. Grifols will not keep Talecris employees whose compensation far exceeds their counterparts at Grifols. This will get ugly!!
The deal is done and the integration will now begin. Retentions will only be temporary over the months ahead as Grifols right sizes the newly merged organization and starts eliminating jobs. Everybody get ready for the ride!!
Any thoughts on how the sales force will be structured? Who will lose their jobs, Talecris or Grifols reps? Etc?
The deal is done and the integration will now begin. Retentions will only be temporary over the months ahead as Grifols right sizes the newly merged organization and starts eliminating jobs. Everybody get ready for the ride!!
First to go. Stern announced his departure yesterday. More will come!!
How long will it take Grifols to realize that the majority of the company has very little respect and no trust of their leadership. The sooner they can ride off into the sunset with their bags of money they stole from Grifols the better it will be for everyone. I just hope they don't judge us through them!