Global Company in Transportation and Aerospace - Anonymous employee Mark IV Employee Review

4.0
Jan 9, 2013
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The individual operating units were, for the most part, able to provide local self-management. The IDS division of companies (prior to divestiture) provides a technologically advanced ETO product to the transportation industry. The automotive and industrial business units continues to provide quality OEM and aftermarket products to the automotive industry.

Cons

The company struggled for a period of time with issues resulting from a 2001 stock buyout selling the company to private equity. The downturn of the automotive sector had a significant effect in the last half of 2008, forcing Mark IV into bankruptcy and divestiture of some of it's more profitable divisions (perceived by management as not part of the Mark IV core competency).

Explore other reviews about Mark IV

5.0
Sep 7, 2011
Recommend
CEO approval
Business outlook

Pros

I worked with Mark IV and Dayco Products for several years in North America and overseas. The people that I worked with were some of the most talented in the automotive industry as the company had a natural selection process of promoting the best and removing the rest.

Cons

Due to the ongoing restructuring of the automotive industry the company had to re-organize both its manufacturing as well as its support functions in R&D and Sales. Working with the company over the past 20 years I have seen the areas of management in R&D, Manufacturing and Quality suffer. When I started with the organization we had some of the brightest minds in the automotive industry in North America and together we created a R&D Center in Rochester Hills that was state of the art staffed with the best talent recruited from across our plants and R&D Centers. As the years passed the companies ability to lead innovation suffered as senior management selected the wrong people to eliminate as a cost reduction.

3.0
Oct 18, 2010
Recommend
CEO approval
Business outlook

Pros

There was a family type of atmosphere at the Mark IV Headquarters. It made communication easier and going to work enjoyable.

Cons

Working at the headquarters did not allow for much advancement up the corporate ladder for the more entry level employees.

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