Last Monday as they announced their 2Q financial results, they also chose to announce the potential "merger" between PSPT and Essar Services, a wholly-owned subsidiary of Aegis BPO, a BPO company based in India. Of course in reality this is a buy-out / acquisition given (1) PSPT will no longer be traded independently, (2) they're paying $12.50 per share, which is above their current market value and (3) the will be renamed as Aegis PeopleSupport (and definitely not the other way around).
Mergers are always a bit sticky, especially in the call center industry given there are bound to be redundant positions, the need to streamline processes and of course the inevitable lay-offs and added levels of management.
Another day in the aggressive call center industry. Thankfully I'm still working for a privately-traded company. That doesn't guarantee protection from changes like this, but it does leverage things a bit.
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