Business Is So Bad They're Dusting Off COVID Operating Model
Pros
The company has decent benefits but nothing great. Celanese does not negotiate Salaries. They have a range they will pay and that is it.
Cons
This company is going through financial problems. The ELT (Executive leadership Team) over paid for the Dupont Materials & Mobility acquisition last year $11 billon. None of the ELT members that signed off on this deal are loosing their jobs. The Dupont business unit they bought uses Nylon and Nylon prices have fallen in the marketplace. The deal was signed with Dupont thinking that Nylon prices would remain at FY2021 levels. In FY2022 Nylon prices started to come down and the prices have not recovered. In response to demand problems and Nylon prices, the ELT is laying off allot of really good people all over the company. They are more worried about their million dollar bonuses and hitting Wall Street's EPS and Revenue targets than they are about their employees. Sr. Management has cut all discretionary spending (fruits, coca cola and bottled water in breakrooms). They have also cut all corporate travel. If you are a professional and you are good at what you do, avoid Celanese at all costs. Love yourself and wait for another opportunity to arise.