Health care rates up 36 to 58%. Deductibles up, coverage is lower. 0% raises this year. Pensions on the chopping block, forced vacation taking. The executives doing anything to transfer cash to the profit line so they can dump their stock, including taking the money from employees pockets. Net decrease in pay this year and next. All while L3 is making great profits. The execs are cash crazy, stock dumping, short term psychos. Serious brain drain in 2020. Last guy turn off the lights after the Brown vampire and his suited brood s—s L3 dry.
9 replies (most recent on top)
The new company exists for personal gains and benefits of executives. Real wealth creators get nothing but more work. That's how it was at Harris when Bill Brown joined the company.... That's how it's going to be in the future. Nothing is going to change. Some people say that every company is like this. This is false. For example, UTX (United Technologies) pay for your education. Does L3Harris do it? Of course, not. Once they are done with divestitures, they will sell the company to Honeywell or Boeing. L3Harris has not future.
Do all divisions have the same health coverage? I don't know but even before the merger L3T was trying to simplify the dozens and dozens of benefit/compensation plans across the company.
I think Lockheed Martin went to a single medical benefit plan and I'll bet that's what L3H would like to do as well, or get as close to that state as possible.
I've found this to be a really good company with very competitive compensation and great benefits compared to the general market. Benefits are definitely getting more expensive, but not nearly as painfully high as other companies. I'm excited to see where the next couple of years take us after we settle into the new L3Harris.
Regarding comparison to other defense companies, I'll say that L-3 health insurance last year was shockingly bad (expensive to the employee) compared to other major contractors. Do all divisions have the same health coverage?
not every major company does this. that is false equivalency. our company serves THE most important customers in the country and makes Billions doing so. we have a right to expect more from our leadership.
Every major company does this.
One of the goals in each segment is to retain 90% of senior management, in reality the brain drain going on at what was L3 is seriously going to impact operations over the next few years, many people are leaving.
why don't people vote with their feet and leave? unemployment is at historical lows, so if people choose to stay and line the pockets of the exec thieves then that on them...
Yeah but how is that so different from a hundred other companies?