“Inverness, Division of Cookson was a Great Place to work, until Financial Meltdown, & it was sold. ”
Doesn't RecommendNeutral OutlookNo opinion of CEO
- Work/Life Balance
- Culture & Values
- Career Opportunities
- Comp & Benefits
- Senior Management
I worked at Inverness Corporation full-time (More than 3 years)
It was a great place with great bosses. Then the Financial Meltdown in 2008 and things got tough. Raises frozen, Matching 401k ended, Took a 10% deduction in salary, all needed to keep company going. My Division always made money at 25 - 26.5% ROI, but the other divisions did not. They laid off 300 people on Jan 26, 2012, and then sold it on May 1, 2012 to Warren Buffet, and Cookson, who owned Inverness went back to the United Kingdom.
It was a Great Place to work, until the Financial Meltdown in other divisions of the company. They let the Best CEO they ever had go. Retired him after 30 plus years. After that they let my division VP go, despite the best year in 25 plus years of operation. They have been steadily losing money since then.
Advice to Management
Not my place to question Upper Management, and I no longer work there.
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For its customers, Inverness Corporation is all ears. A Cookson Group subsidiary, it makes and markets the Inverness Ear Piercing System, a fully encapsulated sterile ear piercing kit. The company's piercing system is used in some 5,000 US retail outlets and is sold in about 45 countries. The system accompanies a pierced earring selection of about 200 styles. Customers have included Wal-Mart, Claire's, and Merle Norman, among others. Inverness also offers onsite training for staff. For those who like to go solo, there's a personal piercer and personal care ...