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Not bad, but its gone now

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Intern  in  Dearborn, MI
Former Employee - Intern in Dearborn, MI

I worked at Plastech


Plastech was a fast growing company that offered interns a very complete experience in various departments. In sales we had a great time.


Apparently the company was over leveraged, and went bankrupt long before even Chrysler and GM did. It thought it could keep growing through debt financed acquisitions and aggressive price cuts, but the low pricing improved market share without boosting volumes as the overall industry contracted.

Advice to ManagementAdvice

First and foremost the company simply needed a strong CFO who could manage the company's liquidity position and overrule management's aggressive expansion plans.

No opinion of CEO

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