Chemical firms in Germany receive positive assessments despite facing economic turmoil
In a recent survey conducted by the VAA - Association of Employed Academics and Executive Employees in the Chemical Industry, the second major employee organisation in the sector, German chemical industry executives have given their employers an average grade of 3.01. This corresponds to "Satisfactory" and is slightly above last year's result of 3.15.
The survey, which is considered a reliable indicator of the mood among personnel managers, included 21 chemical and pharmaceutical companies, both German companies and local subsidiaries of foreign providers. More than 8,600 questionnaires were sent out, and 2,000 evaluable responses were received.
The plastics manufacturer Lyondellbasell received the best ratings in the survey, with an average grade of 2.33. Schott and Boehringer Ingelheim followed Lyondellbasell in second and third place, respectively. On the other hand, Shell came last in the survey with a grade of 3.56.
IG BCE, which primarily represents the interests of non-academics, and the VAA, which primarily represents the interests of academics and executive employees, collaborated on the survey. Merck was ranked in the middle among well-known listed companies, while BASF ranked in the upper third of the ratings.
Lanxess, Bayer, and Evonik were found in the lower third of the ratings. The survey was conducted from mid-April to mid-May. Peter Vanacker, the president and CEO of LyondellBasell, was not available for comment regarding the survey results.
The surveyed categories included various individual grades from one to six, with one being the best and six being the worst. The overall grade for each company was calculated based on these individual grades. The results of the survey provide valuable insights into the satisfaction levels of chemical industry executives and can help companies identify areas for improvement.
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