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Archive for Wednesday, June 16, 2010

Protection One lays off additional workers as part of restructuring

A Chicago-based venture capital company bought the security company a few months ago.

June 16, 2010

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New ownership at Protection One has resulted in layoffs at the company’s North Lawrence corporate offices.

A spokeswoman for the electronic security business confirmed that eight employees were released last week. The reductions come after Chicago-based GTCR, a private equity firm, finalized a purchase of the company earlier this month.

“I wouldn’t call it that we’re having massive layoffs, but we are taking some steps to focus on growing the company,” said Jamie Haenggi, the new chief marketing officer for the company. “We are taking some corporate support staff resources and redeploying them into sales.”

Prior to the sale, the company had about 70 employees at its offices in the I-70 Business Center. The reductions largely came in the areas of finance, administration and marketing, Haenggi said.

Protection One plans to continue using its Lawrence offices as the company’s corporate headquarters for the foreseeable future, Haenggi said. But, much like under the previous ownership group, the company’s new CEO won’t be based out of the Lawrence office.

Tim Whall, a veteran of the electronic security industry, has been named to serve as the company’s new CEO. Whall previously was chief operating officer of SecurityLink, a one million customer security company that was sold to ADT for approximately $1 billion in 2001. Whall also served as CEO of HSM, a business security company that Stanley acquired for $545 million in 2007.

Other key additions to the company’s management team include:

• Bob Dale as senior vice president of commercial and residential sales. Dale has been with security company giant ADT since 1983. Most recently he was ADT’s senior vice president of commercial sales.

• Dan Bresingham as chief financial officer. Bresingham previously was the chief financial officer for Stanley Convergent Solutions, which operated security companies.

• Don Young as chief information officer. Young most recently was the chief information officer for Stanley Convergent Solutions.

Comments

clovis_sangrail 4 years, 6 months ago

Oooh -- look what I found. A document listing all of the companies receiving city tax abatements -- http://lawrenceks.org/system/files/Annual_Abatement_Report_2009.pdf.

This company is not receiving abatements from the city, but the following companies are: Allen Press, Amarr Garage Doors, Reuter Organ, DST Systems, and Prosoco, Inc.

Perhaps you are thinking of Amarr Garage Doors, which laid off over 100 workers in just before Christmas in 2008 (http://www2.ljworld.com/news/2008/dec...), then it got a 55-percent, ten-year abatement in early 2010 (http://www2.ljworld.com/news/2010/mar/31/tax-abatement-amarr-finalized).

Kat Christian 4 years, 6 months ago

and they plan to layoff more this week so I hear, plus they laid off dozens of others at their other locations. So far since last August they have laid off 11 at the Lawrence location. Since last year they have laid off dozens at their other locations. So yes it is a massive layoff. I hate corporations because they don't care about the people who work there - you are just a number. It's all about profits. They treat you like sh!$ - oh they claim you can take recourse, but that's only for appearances - it's not a reality. The politics is all about who you can suck up to. This is how you survive. So basically your life is no longer your own but owned by the company store.

Truthspeaker 4 years, 6 months ago

You're right, companies should care only about the happy feelings of employees. Who cares if the company is going down the tubes and losing money as long as every employee gets warm and fuzzy feelings while working there.

Kat Christian 4 years, 6 months ago

It should be a happy place to work and people should want to be there, but when you have employers who lie to you, treat you like you're idiots, make unreasonable demands without consider you have a life outside of the job when they sure don't forget they do. There is a better way of treating your employees and making a profit than what most corporations do these days.

Megan Green Stuke 4 years, 6 months ago

I'm curious why this company's layoffs are news, but the recent layoffs at the World Company (namely, Lawrence.com staff), are not reported. I also hear tell there are more LJ World layoffs in the works. Will we be getting news on these events?

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