Human Resource Mangement in Solvay
In the last decades, small national companies have grown in amazing scale all around the world. Companies that once were family owned have become huge multinational corporations. Corporations, which by the side of globalization, have expanded all around the world. International business has become one of the most important areas of business due to the need for companies to expand to markets outside their borders. Companies have had the need to adapt to another cultures and business systems. At the same time the way human resource management works has changed. Multinational corporations have had to adapt to new human resource requirements in order to be more effective and efficient. The business melting pot that surged in the last decades has forced corporations to develop a diverse workforce with the ability to expand their businesses.
Solvay is one of the companies that was able to exploit globalization as it best. This company has successfully expand itself all around the world and has become one of the biggest multinational companies in the world due to its effective business and H.R. management performance.
The story of Solvay starts in 1861, in Belgium. During this year the Ernest brothers started working on a new revolutionary ammonia-soda process for the production of sodium carbonate. Later on in 1863 the Solvay Group was founded. During the first years they had constant economic problems. Because of the problems that they had trying to developed and perfect the production process of their products, their performance during the first ten years was not successful. The first ten years they went on bankruptcy several times. However soon everything changes for the company. After 1870 Solvay started focusing on global expansion. Soon, factories were opened in Belgium, France, England, Germany, Russia and the United States. (Solvay s.a.)
Nowadays Solvay is a global group of pharmaceutical and chemical companies specialized in different sectors. It has around 400 entities in 50 different countries, and it provides jobs for 32,000 people from different countries of the world.
(solvay s.a.)Headcount By Sector Persons employed as of 1/1/2000
Pharmaceuticals 6 694
Chemicals 11 497
Plastics 6 875
Processing 7 768
GROUP 32 834
The most important sector of Solvay is probably the Chemical sector. Solvay is the world’s leading producer of soda ash, hydrogen peroxide, detergent and barium-strontium, and one of the leading manufacturers of chore chemicals, salt, and fluorinated products(solvay s.a.). Chemical sales in the last year reached US$2,405 millions, and was distributed in:
-Soda ash 31%
-Chlor chemicals/salt 27%
-Hydrogen peroxide/detergents 16%