Financially underperforming, in-fighting, and high turnover
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.