Colfax Dragging the Company Down
Buyer / Planner (Current Employee) – Florence, SC – October 10, 2014
Colfax purchased ESAB in 2012 and instituted a sound plan to make ESAB lean and more profitable. In 2014 Colfax purchased Victor Technologies and has revamped the plan, which has spelled doom for the Florence, SC site. People being laid off dept by dept. The writing is on the wall for those of us still here, find something before they find you with a lay off notice. Although this is all done in the name of profits and ROI plus shareholder value, the disregard for the people that have poured man hours and sweat equity into the Florence site is overlooked. Current employees were not even given an option to relocate to the newly acquired facilities in Denton, TX or Mexico (and possibly St. Louis), instead posting our jobs there at lower compensation. Our badges say "The ESAB Way", when it should read "Greed Is Our Need". This is not the ESAB of old, but one of chasing nothing but the almighty dollar. Don't look for any of the companies that Colfax owns to make the list of the Top 100 or even Top 1,000 companies to work for.
On site cafeteria, Wellness Program
Long hours, unrealistic goals, heavy workloads, unclear objectives, disengaged management.