Consolidate sites, move work to EM, contract manufacturing = fewer US Hon badge employees. The goal still remains - pay less for labor. This has priority over anything else. Second, reduce inventory.
I wonder what the long-term results of this kind of management will be and what will all this look like in a few years? I don’t worry much, I got a very good offer, but I still feel bad because this could have been a place for many new generations of young talent.
Engineering jobs are definitely moving to Asia and Eastern Europe ( lower cost than CZ).
Staying is not an option if there is a job offered.
Watching the downfall of a company spiraling out of control. Really bad leadership, no long-term vision, all short-term quick returns, extremely low morale and yet leadership still don't listen nor care about the employees. Very unhealthy, toxic culture and working environment. Constant reorganization breaking relationships, constant layoffs. It is just a matter of time. A few years maybe.
How good is the Honeywell software that they are transitioning to?
Just for everyones information, jobs aren’t moving to EM or low cost sites but to supply bases that are non-Honeyhell. Quit complaining about your peers in other countries stealing your jobs because they aren’t. It could also be that supplier down the street where you live whose taken away your product and therefore, your job.
Get out of Honeyhell if you are still way off your retirement age and settle for some mom and pop shop setup that offers better job security. This gig over here ain’t going to last another 5 years when all sites, products are going to be gone leaving a handful of people to just manage the supply base. And, of course, the ones who made such decisions will most definitely still be there as they had made tonnes for the investors at wall street.
"I hope there is a Honeywell in 30 years! I don’t want them defaulting on my pension."
my main reasoning behind taking the lump sum
just take a look at GE and you will see HON in a few years
I hope there is a Honeywell in 30 years! I don’t want them defaulting on my pension.
Same result that every other industrial has seen. Disruption or market displacement by a rising company in low cost regions. This can take a decade or a century. Global crisis points like war or pandemic are often the inflection point.
Honeywell is on the slow curve. They are massively diverse and global so it will be difficult to topple.
Most likely will be a loss of talent over a long period as Honeywell works to exit old technologies. Prolonged starvation. I doubt you will recognize Honeywell in 30 years… but there will still be a Honeywell.