Terex – “Terex: Good company, tough economic times”

Pros

Great pay and benefits. Terex better than their competition. Company strong financially. CEO Ron DeFeo very smart, well respected. Lots of autonomy at remote sites, maybe too much autonomy?

Cons

Seems that good performance is less important than tight relationships with "the right people"

Advice to Senior Management

Many cost reduction opportunities still exist. More attention needed on contract negotiation and procurement. This difficult economy allows for aggressive negotiating. Consolidate companywide purchases for volume discounts. Headcount reduction isnt the only way to reduce your costs. Look around, be more creative, STRONGLY suggest you re-visit your IT costs, services, and contracts.