See this article: https://seekingalpha.com/news/3558445-honeywell-pressures-suppliers-to-cut-prices-30-barrons
7 replies (most recent on top)
Extended payment terms? Honeyhell already doesn't pay suppliers until 150 days. Normal people have their utilities cut off well before that time.
This is a loophole of the federal bailout for small business. A big business in effect is getting a zero % loan from the government by changing payment terms on small business ( who will in turn borrow from government). Oh how we all love capitalism ... ultimately will help Honeywell beat on Free Cash and shift wealth from tax payers to shareholders
In the business of putting suppliers out of business.
The industrial manufacturer is also seeking extended payment terms, rebates, secured inventory and immediate claims resolution. Supplier story parallels a wife in an abusive relationship.
This same topic was posted 2 days ago. Try something new
Im going to give 30% less effort because of coronavirus
The 30% reduction is prudent and fair and will match HONs 30% reduction in force.