How not to run or how to ruin a formerly well-established company - Finance Clariant Employee Review

Downgrading and salary reductions, compensation not competitive compared to peers like Arxada, Lonza, Straumann, etc. Hostile management behaviour, bullying, mobbing,.... management by threat Management's only competence is them praising themselves for labor cost arbitrage after kicking out competent, loyal, well-performing Europe-based employees replacing them with staff on off-shore service centres in India and Poland. The company even celebrates this on LinkedIn, what an insult to affected Europe-based colleagues. Management favours their own circle of friends