LyondellBasell reviews

3.6

68% would recommend to a friend

(344 total reviews)
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Peter Vanacker

61% approve of CEO

52% positive business outlook

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344 reviews

Reviews about "Compensation"

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1.0
Sep 13, 2012
Recommend
CEO approval
Business Outlook

Pros

Knowledgeable engineering staff at upper levels

Cons

Management! The michro managing style is not going to work at this company. This company has lost a wealth of knowledgeable engineers due to the new management style. the overall experiancee engineers has dropped signifiantly for 25+ years to 2 to 3 years experiance. The PAD system generate a cut throat back stabbing atmosphere. Then you also have to take into consideration the personality issue with the Assoicate Directors giving mid-year and yearly reviews to there personnel. these reviews will reflect on your raise and bonus for you. Basicaly if they don't care for you your not getting squat. Oh yea, and upper management, CEO, also gave a directive that 10% of each Directors employees would not get a favorable rating no matter how well they performed, If you look back at the Lyondellbasells CEO's history, he did the same thing(s) to the Phillips organization. DICTATOR style, treating all employee's (good or bad) like they were pawns. There is no loyalty from these idiots. Oh yea one last thing, they do not promote engineers based on knowlege or experiance they promote on how much you suck up and take credit for other employees work. I know this for a fact

1.0
Sep 9, 2012

Negative experience.

Recommend
CEO approval
Business Outlook

Pros

Salary and compensation are competitive, but not as good as prior years.

Cons

A very negative atmosphere to work in and be a part of. Lack of integrity and credibility in upper management, with only a short term view of generating shareholder value that lacks sustainability over the long term.

2.0
Jun 11, 2012

Once a great place to work

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Many good people remain in the middle management ranks (but they are slowly leaving) Salary and benefits are fair, but shrinking.

Cons

Command and control management style. Employee turnover is increasing. Many departments are understaffed. CYA has become more important than doing what is right for the long term future of the company.

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