Q2 looming. Numbers are ugly judging by the constant census meetings and renewed f—gings for missing a fake milestone. Feels like another wave about to hit shore. Rif seems unlikely as we cant make demand (or AOP) now.. something bigger? Reorg to reduce vp and director counts? Spin off HTS ? Make your guesses.
__Like something is brewing or about to begin__
What about within UOP?
Selling engines seems possible.
My gut tells me that propulsion will be sold off. This is looking more like a pre sale people strip down. The value is in the existing product line part sales (which will dry up in 10-15 years as Honeywell hasn't won an new engine competition in a generation).
Within UOP the list of people to be riffed is being prepared by Kelly S. Third reorg in a year and third wave of firing.
That while there are no people left to do the work and calls are being organized to see how the simplest things can get done, like reviewing a client's spec.
I feel sorry for our customers........
MM's master genius plan is addition by subtraction. This has worked for HON in the past years but this time is different. The employees are sick of being continuously f_cked over and they are tired of being overworked so these dipshits can make their Ponzi scheme numbers. The game is up! As principle Rooney famously once said.