Very odd decision making led to bankruptcy and shutdown - Anonymous employee Molycorp Employee Review

1.0
29 Aug 2015
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

It was a fun place to work while it lasted. Most people were friendly. A lot of random and good experience to be had.

Cons

Poor management and even more poor financial decision making. One engineer with 10 years of experience there approved a $1 million conveyor belt project to speed up one circuit, when this circuit was already one of the fastest areas... this money should have been spent elsewhere...The same engineer also proposed a plan to the bankruptcy team that explained their original plan to keep half of the site in operation to make LREC was a bad idea, and that LREC wasn't even necessary. Then the bankruptcy team decided that since LREC wasn't necessary, they were better off shutting the entire site down and firing over 95% of the workers. Very strange and suspicious behavior and decision making by a lot of people involved.

Explore other reviews about Molycorp

5.0
17 Feb 2022
Recommend
CEO approval
Business outlook

Pros

It was a great company, before it went bankrupt

Cons

It's too bad they went bankrupt

4.0
10 Jan 2024
Recommend
CEO approval
Business outlook

Pros

You work on top of a mountain and only work 4 days per week

Cons

Bad management and have to commute an hour or more each way every day,

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