No jobs found – change your filters above for more results
Doesn't RecommendNegative OutlookNo opinion of CEO
- Work/Life Balance
- Culture & Values
- Career Opportunities
- Comp & Benefits
- Senior Management
I have been working at Molycorp full-time (More than 3 years)
The company offered so many challenges in an effort to increase production that there was never a dull moment. The company had a very diverse group of knowledge and skills in the workforce. The salaries were competitively strong. The Benfits were good and they had the best 401K I had ever seen.
The responsibility and the accountability were not placed on the appropriate persons. The Plant Leadership Team did not allow the responsible employees to be the decision makers for their processes. It was all about a pound out the door with no respect to costs. There was a failure to delegate authority and listen to the ground floor. Communication was all downhill. A change at the senior management level occured two years ago and no change was made at the plant level. At that point, the poor decision making that had been occurring just continued. Regardless of the market for Rare Earths, there was no thought out plan for surviving adverse market conditions. When you spend the amount of money that was spent to build this plant, you should start putting the processes in place for determining where the money should be spent and why. Processes should be put in place to also maintain the equipment. Running equipment to failure is very rarely the correct method but it is definitely an expensive one. One other dissappointment was the substandard skill level of the operators. There was some good ones but most were inexperienced and never trained to be an operator. It was quite apparent when they have no idea why the suction and discharge valves on a pump need to be open before starting a pump. Overall mismanaged project to increase the production ten fold. Poor decisions by Plant Leadership Team and Senior Management led to the bankruptcy of the facility.
Advice to Management
Advice at this point is a moot point. Future owners/investors should develop a plan of attack that will yeild products with profit margins greater than $0 and have a strategy in place to be more resilient to the market of Rare Earths.