Enercon was purchased by private equity holdings about 4 years ago, they gutted bonusses and a lot of good talent left. Since then that holding company has doubled their money and sold to another private equity firm. Once a thriving ESOP is now just another business to make someone else's retirement account grow. The worst part; none of the employees who owned shares in the company had a chance to vote on the sale of the company. The CEO did it behind everyone's back using a loophole. There were a few layoffs during my time there, mostly due to failed relationships and improper planning. Upper management constantly talks about what they will do to improve benefits for the employees and never does anything. The employee comes last here and private equity profits come first.