2018---Pension Cut, Miniminal Bonus, No Profit Sharing and Merit Increase Delayed 6 Months
Pros
Excellent Product Line in Crop Protection with high performing good products. Good Development pipeline of products coming on the Crop Protection side.
Cons
Company is now owned by Chem China--state owned chemical company of the Chinese Communist Party. Company profits going to the Communist Party. Uncertain if American farmers will continue to buy Syngenta products when profits go to Chinese Communist Party. We just received word the Pension is being ended as of the end of this year. Poor results equal little to no bonus and no profit sharing for 2017. The merit increase is being delayed for six months in 2018. Pay is at the middle of the scale. When staff reductions occur they always seem to cut the chemists, engineers. Yet they continue to keep layers of Group Leaders and Managers. They always go untouched. A poor management team has gotten the company in the financial crisis it faces now. However, Erik inherited a real underperforming company which was put in this position by incompetent leaders at the Senior Executive Level. They kept growing the company by adding people and positions while the profits have declined for the last 6 years. I do believe the current Executive team understands how to run a business. Erik comes across as being sharp, knowledgeable and understands the Crop Protection and Seeds business. Work life balance is not good at this time and will only get worse due to cut backs and worker positions which are being eliminated.