Thread regarding Honeywell International Inc. layoffs

It is hard to have any empathy for a company that: 1) Constantly moves labor out of domestic markets and into India, China, Southeast Asia, etc. 2) Every spare dollar they have goes towards stock buy-backs with no concern for their most important stakeholders (Employees). 3) Pi$$es off their major customers (Airbus and Boeing) to the point of not allowing Honeywell to bid on contracts for them because of poor performance. 4) Show no respect or acknowledgment for long time employees who have sacrificed for the company for years ( A stranger tells you thank you for your service when they RIF you....and they don't even buy you a hotdog for your retirement). Honeywell used to be like family......now they just a "Circle K"......somewhere to buy a "Six-pack" when no other stores are open.

Merit increases are put in the budget every year so that the ALT has something to "take back" in Q1 or Q2. How many times has someone been promised a mid-year and then told, "oops, times are tough, you're not getting anything?" Everyone knows at least one "boss" who boasted about turning merit dollars back in for the good of the company like a real team player, right? Well, s— it up buttercup, that's what your merit will be used for in Q1 next year. Budget gap filler to make it appear that MM can hit DA's target.

Sounds exactly like the years following the Great Recession, when we were promised rewards for those who sacrificed and toughed it out. When times got better, it all went to stock buybacks, executive pay/bonuses, and acquisitions. For working folks, compensation and benefits went down, not up.

Of course they are budgeting raises.... gives them an easy putt to reduce next year and look like geniuses.... They are already sandbagging 2021

Yeah, and the sky is green and the grass is purple. Are you gonna believe that too? How about, not only are you getting the merit increase you are getting 2 extra weeks of vacation too. Lol No man! No merit no nothing just a big.........be glad you still have a job.

This is a decade old hat trick HON likes to play. They will spread rumors of raises and bonuses while simultaneously issuing more RIFs and furloughs. Then when it comes time to hand out the raises, ALT gets theirs but oooops!!! Sorry serfs, no money for you guys. Lotsa ins, lotsa outs, lotsa what have yous but they will say worsening economic outlook, poor performance, softening market, anything they can and will say to keep YOU from getting any increase. Don't be fooled, we are all getting RIFd before the end of 2021 anyway.

Awe.........isn't that wishful thinking. Here is REALITY:

1. Headwinds = Story line.
2. Bonus = Yea sure* Note accrual for furloughs to claw-back any payouts in 2nd half 2021
3. Raises = Budgeted at 4% * Note award 2% max and position rather than lay offs and furloughs and cancel travel without Executive Approval.
4. Repurpose rank and file T & E for Q1 and (4%-2%=2%) into a retention bonus for Executives to maintain focus for Q2.
5. Due to top line revenue challenges expect stretch goal of 10% and 12 hour days 6 days a week.

This is REALITY

They gave us raises in Feb 2020, with an effective day of 7/1/2020. They took them away as soon as they mentioned furloughs and everything else. Good joke.... they would have to pay more commission if they give us a raise

It's not a carrot... it's a rottten carrot. No way these greedy douchebags are going to give merit raises. They're out of intimidation tactics because we aren't scared anymore. There's great freedom in being totally screwed. The "leaders" may have finally figured that out. But, it's too late to stop the avalanche that they started.

#1 Honeywell has plenty of money to pay reasonable raises.
#2 it used to be that just individual contributors got screwed... times have changed, from here on out management will get screwed for the benefit of C-level employees. Time for managers to wake up.

No MIP or raises in 2021

After all the cost actions taken this year, wouldn't it be a slap on the face for those let go if we're handing out bonuses next year? I am all for bonuses but of the back of our friends and mates who were let go just sounds inappropriate.

Compare your pay to cost of living calculators and get back with us.
Only way to get a raise is to change jobs.
It is designed this way.
Take a management job then jump to a band 4 individual contributor.
My mentor told me from day one – nobody will pay you more next year to do the job you are doing this year.

There have been no raises for a large portion of my career. If i worked here only motivated by raises, I'd have left long ago. At least the old leadership had credibility. I'd rather have them be honest that the furure is uncertain, and don't expect merit increases than have them yank a hard earned raise away again. That felt like punishment, not a financially decision.