I have posted in the past that expanding the gross profit margin was a key point in driving layoffs, etc. But review of the Zacks analysis posted at Yahoo Finance https://finance.yahoo.com/news/honeywell-hon-report-q2-earnings-122712875.html reveals... — read more
E Band Bonus
Rumor is E bands will be capped at 300K bonus... how will they make it?
Bean counters don't know how to count beans?
3weeks furlough! Oops, no, wait, how about 1 week? What a cluster cuss.
Material Savings... What a load of BS!
Honeywell spends more money in material savings than even get in return. It’s a scam that the company has come up with.
New Aero cost cutting initiative LOL
Aero at our site , just announced they will no longer provide plastic eating utensils ,napkins etc, I wonder what will be next. Toilet paper?
Starting the Process on RIF's and Retaliation on American Workers at HON
Lots of former and those soon in the crosshairs of Senior (over 20 years of experience) need to start documenting the Honeywell behaviors here: https://civilrights.justice.gov/#your-rights Start the complaint process to establish a trend of these... — read more
Honeywell raiding the Pension plan??
It is just a matter of time before HW raids the pension plan....If your not retiring soon beware...
What's the point of announcing major layoffs weeks ahead?
Is there some hidden benefit for the company that I'm missing? Because from where I'm standing, the only thing that comes out of it are stressed out employees who have to wonder for who knows how long if there name is going to end up on that list... — read more
Plant Director says hourly production employees wont be affected at Urbana site
I guess we'll see what they tomorrow, but that is from his mouth as if yesterday.
Voluntary RIFs have been approved after they were denied
Several people who applied for the last voluntary RIF, who were initially recieved correspondence saying it was denied, were contacted by HR yesterday saying that it was approved. They weren't asked if they still wanted to volunteer, they were... — read more
Another HW plant getting shut down...
https://www.rrstar.com/news/20200721/honeywell-closing-rockford-operations I’m so glad to see that HW has been fiscally responsible to weather the storms by beating the s*** outta the employees.
What makes you stay at Honeywell?
For me it's my age - will be retiring in 2 years and I hope I do not have to change companies before I check out. What about you? What makes you stay at Honeywell?
Hey leaders .. treat us like a startup
You gave me options to keep me interested. Now i see nothing but take take take. You want new products. Pay like a startup. Cut the cash and pile on options. Make up the furlough pay with 3 yr options 20% under market price.
Corporate furlough?
I am hearing some groups in corporate are being told they have to furlough just like Aerospace did. Is this true?
Siemens with a new work from anywhere 2-3 days a week model. Wonder
if Honeywell benchmarks...
Done and Over it.
I'm done being productive. It was a Honeywell Business Decision to cut all of our resources so why should anyone of us care. I'm going to go in everyday and do absolutely nothing until I'm let go. Most of my co-workers are in agreement. Honeywell... — read more
Everybody at Honeywell is completely apathetic by now
It looks to me like people have accepted the worse as the new normal and are just going with the flow. More layoffs? Must be Tuesday. Verbally abusive managers? Price of having a job. No raises? Cuts in benefits? I guess it could always be... — read more
COVID-19 case in Torrance
Can someone confirm?
Wall Street— honeywell can pay suppliers or employees not both
Honeywell is so late on payments to suppliers that we are short material everywhere. I’ve had several tell me they won’t ship until the check comes through. Now we know where that money will come from... employees bank accounts. Think about... — read more
3rd Party Resume company
Has anyone that was part of the RIF been contacted by this 3rd party company that is supposed to help with Resume, etc..???
Aerospace Furloughs Memo (July 2020)
Original text below, anyhow: unpaid weeks off and pay reduction. Dear Colleague: Because it is necessary to execute further cost reductions that are commensurate with deteriorating economic conditions, we have made the difficult decision to... — read more
Furloughs again
We were informed that we will have three weeks of furloughs starting next week thru October.
What criteria based on in RIF selection
We have been hearing the RIF selection criteria comes from VP level and Global HR people. Even the direct manager, 2nd level manager or director level are not involve in the decision making. So where is the fairness when good productive people gets... — read more
Two for one
I understand the situation right now is tough and some layoffs are necessary. But why get rid of people who are the most productive? Do they not realize that once the work picks up again (and while it won't go back to normal levels for a long time... — read more
Engineers and Technicians should unionize
Nothing worse when a huge corporation takes advantage of a short term downturn to shed older workers. Folks in their mid to late 50's are particularly vulnerable to not find work, too young to retire. Yep, they made sure they cut enough 20... — read more
Phoenix People?? What are we going to do??
Aerospace’s presence in the portfolio is the chief cause of Honeywell’s discounted valuation,” Third Point said. “Aerospace would be better off as a stand-alone entity.” What is next my friends? Medical? New manufacturing opportunities in the... — read more
Meanwhile I can’t apply for defense positions?...
The real lawsuit is the unspoken mandate to only hire fresh grads instead of picking up better skilled engineers laid off from other sites (same org!). I was told I can’t even apply at exit interview. How is it they can lay me off and post a job... — read more
Engines site Furlough to hit, 3 weeks per person & Hourly placed on 32 hour work weeks
Fact: Engines will place staff under engineering on 3 weeks of furlough. Staggering groups at 1 week intervals from July to October. And, hourly employees will move to 32 hour work weeks. The ship is 3/4 sunk.....
Bleak airline future
Delta asking pilots to take lower minimum pay and for employees to take early retirement or buyouts. Icelandair laying off all flight attendants. This industry will not recover for years.
Has any of the older IRIF'ed employees investigated an age discrimination law suite?
I have no interest in returning, but would like to see some push-back to the way those close to retirement were pushed out for no basis other than seniority.
AERO ISC Furlough Rumor
Today, a Phx ISC grunt was heard to say they were told another furlough coming up. Fact,,,fiction,,,I don't know.
Corporation downsize?
The little people are let go while the crop is full of executives, board of directors and a friendly CEO.
Has anyone heard from Benefits re COBRA option?
Benefits run out July 31 and no comms from HR/benefits yet. Has anyone else heard details and have been able to sign up? Any insights to the process would be greatly appreciated.
747s out
See where both British Airways and Qantas are retiring their fleet of 747s immediately. That should put a dent in the Aero R/O side, especially the units being moved out of Anniston.
Incomplete paychecks
For those laid off the week of June 22nd, tomorrow (17th) should be the first 2 weeks of severance. Did you get your full check amount? I knew Honeywell was going to mess this up so want to check in with those who may have the same issue.
Has anyone successfully applied for and received the extra COVID-19 unemployment money?
I'm applying for unemployment and there is a section on "PUA", the extra money if you lost your job as a direct result of the pandemic. Bad stuff if you make a false statement, so for those of you who have been let go since March 2020: Were you... — read more
Olathe Aero furloughs for supervisors
Starting next week supervisors are taking turns working one week and off the next week. Imagine that.
Benefits after being laid off
Does anyone know why they don't send the HIPPA loss of coverage/COBRA Information until after your benefits have expired. They are telling me approx 5days later this information is mailed out. Is there a reason why this packet cant be send beforehand... — read more
Layoffs in CLT? When will we go back into the office?
Does anyone know about July layoffs in the CLT office? Also, for those that stay- what about dates for when the office opens back up?