What ails this company can fill a book, and most of the wounds and ailments are self-inflicted
1) Bureaucracy, bureaucracy, bureaucracy - Even the CEOs (past and interim) make jokes about how many stupid procedures this place has, and yet more and more are added, and people are asked to "train" on it (on casual overtime, of course). You know how bureaucrats, whether in government or private sector, make their living? By creating more rules and regulations, and there is no downward pressure from anyone to pare back they hydra
2) Bureaucracy, again - This company has many sites, performing various functions. Yet the dictats that come from Cranberry strike indiscriminately and force every site into a one-size-fits-all without giving any local control or say. The people that make the rules have no idea how these rules actually affect work at various sites, and I'm not sure they even care
3) Top-down dictats, yet again - the first-line managers, now called "resource managers" in the latest organizational parlance, have little say in how their groups are managed - from travel approvals, to training, to research funding to...you name it.
4) Speaking of research funding, the company doesn't know how to do research and innovative work properly if its life depended on it, and it does. They have a complex and bureaucracy-heavy process (see (1) above) which wastes a good chunk of money, run by people that quite literally have never done any research (no seriously, I'm not kidding or exaggerating, they really haven't). The process changes about once every 3 years, with "innovation coaches" and "stage-gates" and so on.
5) Safety safety safety - yeah...nobody in their right mind wants to get injured at work, but just like other aspects of bureaucratic hell, there is no sanity check on safety folks. They just keep cranking out unreasonable regulations that make doing work exceedingly difficult. And of course, they don't feel the effects of the rules they create, because, they don't do actual work. You know what? I'm sure if we all put on rubber suits like the Michelin man, we'd get less bumps and bruises, but we'd get very little done, move a lot slower, and as a result get run over by a car because we couldn't move out of the way fast enough. Sometimes too many rules are just as bad as too few rules, and the safety folks don't have the wisdom to strike a balance.
