Admin and support staff will be minimized/consolidated as well, despite their obvious value to those that interact with them, since these big companies are all about minimizing their overhead for the bean counters.Yea, I was working at Parsons Brinckerhoff when we were swallowed up by WSP. Hasn’t sounded like that’s been the case in either of these firms previous acquisitions.On one hand its may make things better over the long term for my mid level firm since there is a growing backlash against the service these forms provide to the DOTs in the transportation industry.I guess my position is the same as outside of engineering. The best way to fight against a massive corporation is to band together.Probably the same thing that happened with the URS/Aecom merger(or any other company merger I imagine), slashing of office manager types and joining various teams followed by the inevitable exodus of those employees that feel that they aren’t valued by the new team structure around a year, year and a half later.
WSP Global shares fell less than 1% to C$88.48 in Toronto, valuing it at about C$9.4 billion ($7 billion). Every now and then I’ll see someone go on a project from the other side as sometimes projects are in need of staff.Of course, it's also really hard to compete against these super firms when it comes to large projects since the amount of staff and resources they are able to supply is unmatchable.thoughts?
92% Upvoted.
Literally a token PE or PG, and admin people to work the contracts.
6 months ago. They got more space to fit us.
Lots of people from our office were relocated, I left before I could be let go. 21 days ago.
Aecom shares opened up 4% Tuesday, valuing the company at about $7.7 billion.
WSP fell 0.4% to C$93.22 apiece in Toronto, giving the company a … I worked at AECOM and non-billable staff are essentially second class citizens.The biggest casualty is the concept of "billable hours."didnt jacobs just swallow ch2m last yr?but since congress is OK with selling out the public interest to these large corporations and their demand to boost stock price above all else, even if by only pennies, we are all fucked.Ninja edit: as far as the employee experience, not sure much would change. That's even better for …
The trend of these growing large publicly traded companies is just bad for the US working force in general, but since congress is OK with selling out the public interest to these large corporations and their demand to boost stock price above all else, even if by only pennies, we are all fucked.The biggest casualties of mergers like this are non-billable staff (accountants, IT, HR, etc)After that everything resumed like it normally would.
There’s not really much reason for engineering staff to be let go if the amount of billable work is consistent.I honestly think there might be some Sherman Trust Act concerns considering these are two of the largest (possibly largest?)
Aecom (ACM +10.5%) surges to a three-month high after WSP Global (OTCPK:WSPOF) announced it is selling more than 5M shares for $86/share to raise C$437M.WSP … Aecom shares opened up 4% Tuesday, valuing the company at about $7.7 billion. Not good or bad. The size of the civil/structural groups ended up nearly doubling after most everybody stayed.
Get traffic statistics, SEO keyword opportunities, audience insights, and competitive analytics for Aecom. We provide technical expertise and strategic advice to clients in the Transportation & Infrastructure, Property & Buildings, Environment, Industry, Resources and Energy sectors, as well as offering project and … They are in the process of being acquired by WSP. ... help Reddit App Reddit coins Reddit premium Reddit …
WSP fell 0.4% to C$93.22 apiece in Toronto, giving the company a market value of about C$9.9 billion ($7.6 billion).There’s no guarantee that the overture will lead to a transaction, said the people, who asked to not be identified because the matter isn’t public. WSP Global approaches engineering firm Aecom about possible deal Back to video Aecom shares opened up 4 per cent Tuesday, valuing the company at about US$7.7 billion. engineering firms.
UPDATE: June 3, 2020: Although recent media reports indicated that the COVID-19 pandemic had quashed talks between AECOM and WSP Global, a deal might still be on the table. These super mergers are just bad in general.
... help Reddit App Reddit coins Reddit premium Reddit gifts Communities Top Posts Topics. I doubt the same is happening between WSP and AECOM.When this kind of thing happened to my company all of my office moved to the office of the company who bought us (which was nearby). Mid level management and the technical staff will keep on trucking as usual.
I was working on the same projects with same PMs (and still am even a couple years later).
will this mean much for current employees of both if this ends up happening?Perhaps it's time that the civil engineering field start to unionize?