Either leadership is unqualified or it's a cash grab. My advice: if you can, select lump sum pension and get out. Bankrupt companies have bankrupt pension plans.
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I think it’s just broken utterly from the inside. Nothing works simply or in an agile way. I have just resigned and the main reason (apart from a wonderful new offer with a team to build and money to spend on creating new things) was I can no longer stand spending my day emailing people to do things, or request approval for things. I am a senior director, but not senior enough that I still need to get buy in and approval for just about everything that we do. It’s so frustrating. Every step has at least 10 contact points and each of these could see a breakdown such as ‘sorry so and so doesn’t work here / is on leave’ or as was recently said ‘I’ve had three team members resign and one is being replaced here, but at a band 3 for what was a band 4 the other one they will add head count in India and the other one they won’t replace. So sorry I don’t have the time to help you’
From the top to the bottom is this insane reduction in quality and cost which makes everything so much harder, repetitive and so unbelievably inefficient. I’m just so done with having to spend such a large proportion of my day running around in circles and doing valueless work - and everyone I see is doing the same. There are so many demands for reports and information and cash updates that everyone is barking at everyone for
The same information or in a different form. However is you suggest a reasonable remedy like that customer is a waste of space you will never recover the cash write it off and move on then the same people who beat you up for cash then manage to find some magic loophole to leave dog sh-t on the books and avoid a write off, only for it to continue to appear on your hit list for cash or whatever next quarter and the ground hog day continues.
Don’t get me started on the insane like literally insane amount of things that HR requires you to do - update this, train this, look at PLI, do accelerator, manage employee by date x. Honestly you could spend up to 40 percent of your day to internal nothingness just for HR (and who are truest and utterly disconnected for the demands of the business)
Disclosure this is HBT
Aero (engines/apu) would do better being sold to a Sinapore or Chineese company that wants to seriously enter the turbomachinery game. Especially at a higher thrust class.
Export rules will keep the high tech design work (not that much on a Honeywell engine is considered high tech) in the US, but the influx of cash and RnD would be huge.
Just leave like I did. Honeywell is for all those persons who want to be average or less. Don't accept the shareholder Only from DA. Time for a change! New employers will welcome come you with better salaries, terms & conditions and more respect!
Any and all comments regarding the ge/ hon merger and why it didn’t go thru occurred 20yrs ago is ancient history. Today is different and the possibility does exist. First off ge today is a shell of ge from 20 yrs ago. Whether the work stays or goes off-shore makes no difference that decision has already been made whether it be ge or hon.
@1xjn: Do a browser search on "merger of General Electric and Honeywell". It was tried in 2000 and was stopped by the European Commission. I was in Honeywell Aero at the time and working on the transition team until the merger fell apart.
GE was planning on moving most of the Honeywell Aero work to their plants in low cost regions. Their Brazil & Mexico plants were the primary target sites that I was working with. GE pretty much wrote the playbook on sourcing Aerospace USA jobs to other countries so be careful what you ask for.
Honeywell is a dead horse….and there is nothing that will change the moral until it is sold off to GE aerospace.
Ahhh, no retention bonus? So sorry.