LyondellBasell reviews

3.6

68% would recommend to a friend

(342 total reviews)
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Peter Vanacker

61% approve of CEO

52% positive business outlook

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342 reviews

Reviews about "Compensation"

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2.0
Feb 3, 2020
Recommend
CEO approval
Business Outlook

Pros

Decent rate of pay if properly educated, and negotiated.

Cons

Management has become bottom line concentric. Have seen loss of long term employees due to push to remove because they "make too much money and benefits". Loss of experience has proven to have effect on production of product; processes, and in some cases safety issues because new person with experience of 5 years or less are being put in role of decision making. Executive Management for safety even less experience. Known for reduction of their bottom line in all facets. (Personnel and costs) Plants in dire need of assistance in areas of Maintenance; Production and Safety. Too many managers and not enough personnel to complete work appropriately without working excruciating long hours. Management pretends to care.

2.0
Dec 26, 2019

50-70% 2019 bonuses

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Strong public company; high EBITDA.

Cons

The CEO said that bonuses would be 50-70% of target because we *only* made $6 billion in 2019. That’s a dramatic, unjustified decrease from 2018 bonuses when the company did just about as well. If you are considering a job here don’t count on the bonuses - make sure you get a high base salary. Also - executives turnover is very high. If you are going to work with the executives realize that your man* may not be there for more than 2-5 years. *all executives happen to be male (except one).

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