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Bryan E. Kuhn
Counselor at Law, P.C.
Business & Employment Law Attorney

A look at the effect acquisitions have on store employees

On Behalf of | Nov 5, 2019 | Uncategorized

Acquisitions and mergers help Colorado companies gain efficiencies and offer other benefits. There is definitely a lot of money being used on these deals; in 2018, $4.6 trillion was spent in the United States on acquisitions. However, one may wonder about the effect it has on employees and what can be done to help them.

During an acquisition, it is common for some positions to be eliminated or reduced, like positions in human resources, payroll and IT. Good companies take care of their people and usually offer generous compensation packages. This can help to bridge the employment gap.

When it comes to convenience store acquisitions, store level staff members have to be a priority. These jobs are usually not eliminated because all of them are needed in order to offer customers professional, friendly and prompt service. The idea that store level staff is a priority should be communicated often and early in order for a company to maintain their staff members.

It is also important to emphasize that the changes that will take place will be for the better. The last thing company leaders want to do is insist that nothing will change. It is much better to focus on the fact that things will change, but all of the changes have the purpose of improving the company, which will have a positive effect on the employees.

While there are many benefits that come from mergers and acquisitions, there are often legal questions that come up along the way. A lawyer may be able to offer a client legal advice regarding sales and dissolution, business sales, exit strategies and other business transactions. If necessary, the lawyer may be able to help a client draw necessary paperwork and provide other practical assistance.

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