B+L is desperately shopping itself around looking for some large company to come and rescue it and the careers of the management.
We need to get into the life boats and fend for ourselves because there is no rescue boat coming to save this ship. Get your resumes up to date and start planning for the end of your job at B+L.
No one can buy B+L because they would then assume a debt that can not be paid based on the cost structure and current sales. The only game left for B+L is bankruptcy . How long this terrible process will take is anyone's guess once WP files for B+L. Employee salaries will be paid first before the other creditors so your looking at probably one year of work after they file.
The one good thing about this bankruptcy is that until it happens no one is going to care much about what happens at this company in the short term. This is because it really does not matter what happens at a company that is going bankrupt. This should give us some free time to go on vacation and try to relax a little before we find our next gig.
We need to get into the life boats and fend for ourselves because there is no rescue boat coming to save this ship. Get your resumes up to date and start planning for the end of your job at B+L.
No one can buy B+L because they would then assume a debt that can not be paid based on the cost structure and current sales. The only game left for B+L is bankruptcy . How long this terrible process will take is anyone's guess once WP files for B+L. Employee salaries will be paid first before the other creditors so your looking at probably one year of work after they file.
The one good thing about this bankruptcy is that until it happens no one is going to care much about what happens at this company in the short term. This is because it really does not matter what happens at a company that is going bankrupt. This should give us some free time to go on vacation and try to relax a little before we find our next gig.