Financially underperforming, in-fighting, and high turnover - Anonymous IGM Resins Employee Review

2.0
16 Aug 2014
Recommend
CEO approval
Business outlook

Pros

Despite the company's financial woes, in-fighting amongst many different departments (and regions), and the high turnover, there really are some good people at IGM Resins. Most employees were easy to get along with, and the new CEO and CFO are very approachable and have a good sense for the business.

Cons

IGM Resins is... simply put, selling the wrong products to the wrong industry. The company has too high of a percentage of their sales focused on one business sector, and this business sector is basically breakeven profit for IGM. Salaries are lower than market average, and benefits are extremely poor. Health care and 401k are an absolute joke. Other members (besides the CEO and CFO) of the executive management team lack leadership and management skills. IGM is also owned by private equity, and the private equity firm is focused too much on short term results.

Explore other reviews about IGM Resins

5.0
24 July 2024
Recommend
CEO approval
Business outlook

Pros

Good coworkers, very interesting chemical work with research and understanding needed. Cupcake day for birthdays, free coffee, and paid lunches are nice.

Cons

Deteriorating facility, lack of investment in basic of the plant. Plant closed.

1.0
16 Jan 2025
Recommend
CEO approval
Business outlook

Pros

Pay is good but you need to negotiate well

Cons

Poor managment from top to bottom. Local management changed extremely frequent. No respect, no royalty, no strategy and only cost reduction by force people resign. Management only want to sell the company and get their bonus in 2 years, nothing else.

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