3.0
Apr 26, 2009
Current employee
Channelview, TX
Recommend
CEO approval
Business outlook
Pros
Lyondell had lots of opportunity and individuals were rewarded adequately; it was not perfect but far better than it is as LyondellBasell.
Cons
I enjoyed working for Lyondell and was proud to work there. Since being purchase by Basell the company has spiraled out of control. Senior management is currently lost, the company is bankrupt and employees have no clue what is going on. Most of us learned about the bankruptcy in the papers and days later the company shared it with us. How can a financially healthy company be purchased by an individual who borrows $12Bln with nothing down? He has nothing to lose.
