Q4 is here, the revenue will fall short, and Aero Engines/Sky Harbor/Tempe/Deer Valley will make the Celestica transition. Hillblot has joint oversight; Honeywell/Celestica. The only short term cost savings action will be hourly ISC staff moved to Celestica. The timing is perfect MM as he can land a soft message to employee; “With the continued softening of the market and revenue targets diminishing, we’ve elected to transition many hourly personnel to Celestica and other third parties where it makes sense. We need to maintain our highly skilled staff through this challenging time. We will ensure minimal impact to valued employees.”
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I call BS on the post. Celestica has avoided taking on too many additional HON sites with the overpriced $ that HON expects to get out of the deal. Too many former HON people there that know the HON BS.
The ultimate goal is to do nothing and produce nothing, just license out your "famous name" and collect the fees like a has-been movie star.
Good point... doesn’t matte though. Reducing expenses is short term and third parties love the opportunities. Just the way it is.
Celestica Tucson has been bleeding cash since transition, with no line of site to turn a profit any time soon. You think they want to take on more HON plants, change drawing issues that were never fixed as HON via expensive HSR’s, struggle with exponentially more FAI’s, and get HON suppliers to say “Celestica who?” with greater frequency?
Just have the entire company work for celestica. Honeywell can just cut them a check each quarter
While we wait for the transition letters and the job offers at half pay I will be focused on 5S. Way too many undocumented fixtures, cables, jigs, and uncontrolled redlined copies of work instructions laying around against Honeywell policy. Surely we don’t use those uncontrolled redlines to actually build product. Say it with me ... Seiri, Seiton, Seiso, Seiketsu, and Sh–suke!
https://www.celestica.com/about-us/leadership-team/executive-team
I looked up Celestica on their website and their CEO is an ex-Honeywell ISC executive. Go figure. He was actually a decent guy to work with.
This post is spot on! He must have factual insight.