Thread regarding Honeywell International Inc. layoffs

Spinning off Aero will save the bigger Honeywell.

The airlines furloughed employees and offered retirement packages to reduce their ranks once COVID shut down air travel. They couldn't actually RIF their employees until the October 1st deadline because they took government bailout packages. That's why they're announcing layoffs with an October 1st date. HON didn't take money, so it could RIF at will. This downturn in the Aero industry, worse than 9/11 and 2008/9, will probably last 2 - 4 years, or longer depending on whether this virus can be brought under control, there is a vaccine (which won't be 100% effective), and people feel comfortable and have the money to travel again. I'd bet on more RIF's/furloughs, and no salary increases (except for the box 1's) until things turn around.

@OP makes a good, albeit incoherent, point that the reported attrition seems very low compared to the experience on the ground.

The annual 10K report shows employee counts.

Scanning the 2017 to 2020 reports shows net reductions of 2k US workers and 26k non us workers. Resideo spinoff was 2018 which is most of the non us drop i guess. These numbers predate the covid issues. I cannot reconcile the small us census drop reported with the nominal 10 percent attrition i see in my org. This predates the pandemic layoffs said to be 8.8%.

This could be checked in fact by a well placed HR person.

The fact that airlines are about to get whacked back to 2009 levels seems obvious. I am surprised to read it hasn't happened already. Going to be a long time before anyone desi g ns new airplanes at this rate.

Whats this all about? Is this thread referencing that another reduction is on its way or about corporate not disclosing actual attritions regretable or not.

?