Hain has run out of steam. Leadership is directionless. Systems are an old joke.There is no known plan for where the company is going. If management wanted to know what the employee issues are all they have to do is read the reviews on Glassdoor. Instead of one big layoff Hain does a series of smaller layoffs. Lack of ethics in the HR Department is not a surprise. Very poor record for multicultural employees in any management positions. Non-exempt employees are treated and paid poorly.
The business model that Irwin Simon has run the company on is clearly not working anymore. The company has failed to file a 10K for the last fiscal year and has vague plans to file one before the end of Feb., 2017. The part of the accounting crisis that is related to revenue recognition and channel stuffing was done in order to make the fiscal quarter numbers. This was known to people at Hain. Why the auditors missed this for so long is another question? The Audit Committee has not said what was in the side contracts with the distributors. Who knows what was given away to the distributors to make the quarter revenue numbers?
The European operation has been a major problem. Another reviewer questioned the ethics of this operation. This should have been abandoned years ago.
The brand business is still a joke. They have come up with a new plan to throw money at some of the underperforming brands. Money will help but there are too many SKU’s. An earlier review said “(Hain is) where brands go to die.” There is no real brand support. Hain products are overpriced compared to much of the competition. There is much more competition now than five years ago.
There is no communication between management and employees. See many other reviews on this issue. Even an intern commented on this in a review.
