Its always the same old story.. I've been there and done that.. lost my jobs twice.
You get a company with no debt, that runs smooth, that makes a living for everybody including the owner.
Then the company is bought out. The equity in the company is removed for debt. Then they pressurize workers to produce more for the same payment. When that doesn't work they lower the quality. This loses orders which in turn needs a workforce reduction. Then the ones who are left are expected to do even more which reduces production even more. Which in turn makes the management push for more production with even lower standards and corner cutting....
Until they walk away and leave the debt for the banks/tax payers