Nyrstar
2.0 of 5 9 reviews
www.nyrstar.com Balen, Belgium 16 to 50 Employees

Nyrstar Reviews

Updated Jul 7, 2014

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2.0 9 reviews

                             

0% Approve of the CEO

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Roland Junck

(6 ratings)

25% of employees recommend this company to a friend
9 Employee Reviews
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    1 person found this helpful  

    how long

    Anonymous Employee (Former Employee)

    Proszinc business is very interesting, it has potential with new management. When politically managed correct, you have a lot of freedom in your job.

    Consno vision, constantly changing targets, burning money on consultants, assets are not carefully reviewed during M&A process, creative book keeping, CEO disconnected from business, high rotation level, no talent development program, its more fire than hire. sr. management doesn't live their company values (e.g. integrity, honesty). It's a pity, company could be very profitable.

    Advice to Senior Managementfind your replacement soon

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    A great case study on how to mismanage a business & shareholder funds whilst over rewarding disfunctional management.

    Anonymous Employee (Current Employee)
    Zürich (Switzerland)

    ProsGood base salary. Good experience for crisis management.

    ConsNo career direction. Management committee is very self interested and constantly looking at ways of increasing their remuneration whilst finding scapegoats for their own strategy implementation failings. Lack of effective leadership. The company struggles to find a clear direction with endless projects starting and not being completed before the next turn-around project/strategy begins with an array of new consultants.

    Advice to Senior ManagementA stronger board and a new manegemnt committee is urgently required.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Directionless company run by fools

    Senior Manager (Former Employee)
    Port Pirie (Australia)

    ProsDecent pay levels, career progression opportunities for some

    ConsPoor leadership with many managers only thinking about themselves without any feel for their plants and operators. Poor employee relationships. Management taking irrational decisions, making people redundant in poor manner with lack of communication. Plant wearn out without investments and poor environmental performance. Consultants come and go frequently making plenty of money out of the ignorant. No career planning. Values are a farce.

    Advice to Senior ManagementLeave and get professionals to run the company. Restore employee satisfaction. Live according to your own company values. Worry about running the company instead of shares value.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Engineer

    Graduate Engineer (Former Employee)
    Budel (Netherlands)

    Pros- Relatively good pay
    - Good career perspective and personal growth
    - Good benefits

    Cons- Bad life / work experience
    - Politics
    - Hazardous environment

    Yes, I would recommend this company to a friend

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    A ship with no captain or compass

    Anonymous Employee (Current Employee)
    Zürich (Switzerland)

    ProsGood people, good location, nice office. Assets with potential to be profitable. Dynamic and young environment.

    ConsLack of strategy, leadership lacks integrity and is very self centered. Not good company for start up positions as you get no trainings ot professional learning. Non existent HR department with no concept of people development or performance management. Most everyone is performing tasks well under their qualification and experiences. People who get ahead are usually obedient "yes" men with highly developed political skills and little other competencies or experience. Extremely high turnover of employees, lack of continuity or learning from past mistakes. Almost all decisions made are have baked as they are made by individuals without broader consultation and buy in.

    Advice to Senior ManagementAuthentic leadership, employee engagement and robust strategy with implementation follow up and desperately needed. Introduce more diversity of thought and gender. Get out of the self-centered thought that you know it all and start learning for winning companies. Reduce number of consultants and invest in your own people to build the foundation for the future.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Great Starting Point

    Process Operator (Former Employee)
    Port Pirie (Australia)

    ProsWilling to take on Green Operators. They will train you up very quickly on multiple jobs.

    ConsPay structure needs improvement. Its impossible to get close to the salary of other operators that may have been there for longer but are not as qualified as those who have been there for less time.

    Advice to Senior ManagementTouch Base with operators more

    Yes, I would recommend this company to a friend

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    potential employees or business partners beware

    Middle Corporate Manager, Reporting to the Executive Team (Former Employee)
    Zürich (Switzerland)

    Pros-opportunity for career advancement: high turnover of employees, and continually shifting priorities creates opportunities the hardworking and determined.
    -above average compensation
    -fast paced / lack of bureaucracy

    Cons-Shifting whims / strategic priorities: The lack of clear leadership has created a situation of continuously shifting priorities. The organization is continually lurching from one grand strategy or initiative to another, without ever any continuity. Projects and strategic organizational changes are continually being started only to be haphazardly implemented or abandoned altogether.
    -very negative employee morale, marked by extremely high turn-over (>40% of the corporate office in 3 years)
    -Who's the boss? lack of strong leadership from CEO. The CEO, Roland Junck, is completely absent from the day-to-day running of the business. He has openly declared to the press that his job at CEO is only a "hobby".
    -cronyism: With the exception of the CEO, who is not really present in a meaningful way anyway, the senior leadership has all worked for the company or the predecessor companies for a long time. They are the same leaders who were senior managers in the predeceasing companies that have gone bankrupt. The Executive team are all old friends completely determined to protect the status quo. With the formation of Nyrstar and relocation of HQ to Zurich, the executives have all become wealthy. Their main aim is to hold on as long as possible and to eventually check-out very wealthy men.
    -deteriorating financial situation: the net debt situation has been spiraling out of control for more than 3 years. The situation is partly hidden from investors by “creative” financial engineering.
    -Hubris: extreme pride and arrogance of the executive leadership.
    -no culture of accountability: The company has made more than $1 billion in mine acquisitions that have been a complete financial failure. The mines that have been acquired have not generated the production that was expected, have cost much more than expected to operate and in-fact have lower known mineral deposits than expected. The senior management that have championed the strategy of expansion through mine acquisitions, and who have led the M&A process are still working with the company. Additionally, the Mining Operations management who have not been able to operate the mines at pre-acquisition levels (both in terms of production or costs.
    -performance is not rewarded: performance is not measured by hard, “SMART” targets. Performance is more about personality and politics than anything else.
    -overtly political environment.
    -completely lack of diversity within site and corporate leadership. The leadership is virtually all white men. Out of the top 50 managers, only 2 are women and only 1 minority.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    2 people found this helpful  

    Some great people, some idiot managers

    Anonymous Employee (Current Employee)

    ProsSome good people with good hearts

    ConsSeiously incompetent leadership team, Australian biased

    Advice to Senior ManagementUnfortunately they do not do feedback

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Interesting Company to Work In

    Graduate Engineer (Former Employee)
    Hobart (Australia)

    ProsGood benifits, unlimited paid sick leave, friendly & easy to get along with people. Priority is given to safety over anything else.

    ConsOverprioritizing of safety can be a bit of a overkill. HR managers and their minions can be the ones running the whole show, brown-nosing required with the HR supervisors in order to keep your job. Management lets higher up staff make critical failures and decisions and allow them to get away with it.

    Advice to Senior ManagementAlways give people a chance and don't let your HR team run the whole show. Even with good feedback on jobs well done from supervisors, it usually isn't enough to keep your job if things start going badly for the company.

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Glassdoor is your free inside look at Nyrstar reviews and ratings — including employee satisfaction and approval rating for Nyrstar CEO Roland Junck. All 9 reviews posted anonymously by Nyrstar employees.