For all those that accused me of "fear mongering" and trying to stir people up. Here's the manager advance email for the next round of securing Daves stock price!
ADVANCE COPY: MESSAGE FROM THE AEROSPACE LEADERSHIP TEAM
Not for distribution -- Will be sent to Aerospace employees in the U.S. and Canada at 12 p.m. Phoenix time
October 20, 2016
Dear Colleague:
As you know, we continue to operate in a slow growth environment. In particular, certain portions of our Business Jet and Defense and Space businesses are experiencing industry-wide demand weakness. Much of this was recently outlined in Honeywell’s public announcement on October 7, where we acknowledged that third quarter sales and earnings in Aerospace will be lower than anticipated. We are not forecasting business conditions in these sectors to recover in the short term.
Regrettably, due to these factors, we’ve made the difficult decision to conduct another workforce reduction in the U.S. and Canada to better align our business with current demand.
We fully understand how difficult this environment is for everyone across the company with the cost actions that have taken place. We will move as quickly as possible through the process and do our best to inform affected employees as soon as possible.
Individual employee selection requests will be considered following established consistent and equitable policies and procedures. Employees who wish to express interest in being selected for this reduction should do so confidentially by sending an email to their Human Resources contact by close of business on November 1, 2016. Any self-nominations submitted for the reduction will be irrevocable after November 1.
Eligible employees selected through this process will be offered the same benefits as other employees impacted by these reductions, including severance and outplacement assistance. Honeywell reserves the right to accept or reject self-nomination requests based on business needs. The Honeywell reduction in force policy for non-represented U.S. employees is available online. For Canada, please see your HR representative.
We are making several investments in our business to drive more immediate sales and long-term growth in an effort to avoid or soften cost actions. However, additional actions may be necessary should market conditions continue to deteriorate, including in other regions of the world, which would be determined on a country-by-country basis, following local laws and practices.
Thank you for continuing to remain focused in this environment. Your efforts with increasing sales, improving our execution and serving our customers is integral to helping us improve the situation.
The Aerospace Leadershit Team