LyondellBasell

  www.lyondellbasell.com
  www.lyondellbasell.com
There are newer employer reviews for LyondellBasell

3 people found this helpful  

Financially Sound, But Managed Through Fear

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Anonymous Employee
Former Employee - Anonymous Employee

I worked at LyondellBasell full-time (more than 10 years)

Pros

The company is in a very good position to continue strong profit growth in the US due to differential low feed stock prices compared to the rest of the world. Some plant level leadership support interpersonal skills growth and work life balance.

Cons

Senior leadership appears to believe that high performance cannot be achieved without creating fear at all levels of the organization. Creativity and appropriate financial risk taking are severely stifled as a result. High quality staff are also leaving and the company is struggling to hire replacements as it is perceived as a poor place to work by professionals outside the organization

Advice to ManagementAdvice

High performance can be achieved in a balanced work environment.

Doesn't Recommend
Positive Outlook
Disapproves of CEO

159 Other Employee Reviews for LyondellBasell (View Most Recent)

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  1. 3 people found this helpful  

    Benefits not equal to industry standard

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Hourly in Houston, TX
    Current Employee - Hourly in Houston, TX

    I have been working at LyondellBasell full-time (more than 10 years)

    Pros

    Current safety culture is good but losing steam. I'm afraid we are headed for another catastrophic accident.

    Cons

    Very high turnover among management and hourly employees. Benefits package not competitive with companies equal to ours.

    Advice to ManagementAdvice

    Don't just ask employees about what is driving poor morale and ignore them. Listen and make changes, increase 401K match, reinstate retirement plan to pre bankruptcy calculations.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  2. 5 people found this helpful  

    High earning company but no career growth.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at LyondellBasell full-time

    Pros

    The company is doing very well financially, but through cost cutting not growth.

    Safety culture is real, not just a slogan.

    Pay isn't bad

    Managers do what they can to mitigate moral killing policies from above

    Cons

    Company makes a lot of money but the cost cutting is so extreme that more time/money is being spent to save the amount than actually gets saved. Example, wasting hours of a day of well paid people to save a few dollars (literally). It's ridiculous. Causative factor is the emphasis on over the top cost cutting and affects on bonus, though the actual bottom line is harmed by it.

    Very little career growth. It could be said that this is a company where your career goes to die. People are very rarely promoted as good positions are usually sourced from outside the company. Growth is also limited so there isn't anywhere to go.

    Training has been dismal lately. Probably more cost cutting.

    Nobody is proud to work here. They come in for the pay check and that's about it. Stems from feeling like a cog in a machine. Causative factors are lack of true appreciation for the contributions of workers (not just talk) and lack of growth.

    Backstabbing, as noted by others, is an epidemic. Nobody is happy working in that kind of hostile environment. Causative factor is bell curve ranking of employees.

    Advice to ManagementAdvice

    There is a view that advice isn't listened to. They know what needs to be changed but nothing happens. Prove us wrong.

    Increase training, company will benefit from having more diverse skill sets and even if some leave as a result you will be only losing those that aren't fully committed to staying (win/win)

    Employees should occasionally be rewarded with special bonuses or stock options during the year, like when a special dividend occurs for shareholders. Lots of hard workers get annoyed when execs and shareholders get a nice extra check and they don't. Doesn't have to be much, just enough to be a "thanks.".

    Become more progressive. The company has a reputation as being stodgy with few perks. Perks are cheaper than having to pay high salaries to attract talent. It's not just a gimmick. It works.

    Do something huge and inspiring. Get into another line of business that gets people thinking "this is a cool place to work". Become the Google of the Chemical Industry. We have the money, now lets figure out how to be more than a pure commodity play.

    Be an employer of choice. That takes far more than just saying you want to be. We want to feel proud to tell our friends and family we work here. Just making a ton of money isn't going to do that. Again, perks and progressive work policies will help.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
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