Sometimes I think that we care more about the company's reputation than those who should be concerned about it the most. Isn't HON's current reputation worrying?
16 replies (most recent on top)
If HON reputation is good then they’ve fooled someone
The rep is horrendous. Only the optionless work there ... those whom nobody else will employ.
HON only pays suppliers twice a year. You reap what you sew!
I have worked for a company that imploded. It was a medium sized company called Hypercom. They made point of sale payment terminals. When I got there in early 2006, the company had $100+ Million USD in cash and no long term debt. By the time I was laid off in early 2009, the company had almost no cash and was $80+ Million USD in short and long term debt. The implosion at Hypercom didn't take as long as it wasn't a conglomerate. The same poor leadership, outsourcing, rising debt, shell gaime of finances, M&A to fake "organic growth", very low pay and eroding benefits, good ol' boy culture, diversity over competence in new hires, nepotism, and layoffs occured, just like Honeywell. THe M4100 payment terminal was hailed as the next great thing and what would save the Hypercom. The M4100 didn't save Hypercom and in 2011, it was acquired by its rival Verifone. To satisfy anti-trust laws, Verifone gutted the profitable parts of Hypercom and spun off the rest as Equinox Payments. Equinox Payments filed for Chapter 7 bankruptcy on February 4, 2014. The new Anthem avionics are supposed to save Honeywell Aerospace. I see history repeating itself here.
In Aerospace, HOS, Honeywell Buildings, and thermostats, the company is known as the McDonald's of the business world. For more than a decade, each of these has ranked near the bottom qaulity rankings (by the customer), performance, MTBF, reliability, value, and customer service.
Thanks for reminding. The 331 used to be the go-to for crop dusters. Had the most power available and the pilots could run to the end of the fields and go vertical at the last minute because of the power response, allowing them to gain better coverage of the fields and thus more income for them, better coverage for the farmers. The ATF3 was used by the coast guard because it had power and more importantly no infrared signature so smugglers can't detect them coming in.And the HTF7000 series which got a huge response from the biz jet community for power and fuel efficiency.
The issues at HON has never been the people who make the product, who are top notch ( or were when I was there), or the engineering (same case). I was always amazed and what engineering could design and the operators could build when lookign at the size and resources of our competitors. Our people on the floor and in engineering were incredible considering the smaller resource base they had to work with.
I will say one thing about management. When they decided to risk developing the AS900 / HTF7000, that took guts and I respected them for that. Most would have doged the risk and taken the safe path and run with the money.
Thanks again!
Thanks @2ita+1hCzWf9Z for the post and the link. Having been a material planner for both 331/731 motors in the mid 70 to late 80s I am/was very familiar them at least part/function wise. Top notch both turboprop and turbofan and of course so was the company and the real leadership we had back then.
Aerospace has consistently been a bottom feeder in customer surveys for years. Price, quality, customer service, performance, etc. I remember one VP who said he could fix the problem within 2 years (we all laughed). Of course he didn't, and has since been promoted.
Spoke to a friend who’s oil company site is ‘attempting’ to use HON software etc., and it doesn’t work (no surprise).
The friend laughed when I mentioned, im pretty sure the business model is GET IT OUT and then get the customer to pay to fix it.
They laughed and said this has been the case for them multiple times.
Honeywell is not great.
You flapdoodles need to read up on Cliff Garrett and William Lear to get an idea of what industry giants used to be before everyone went woke. It was a different company when I started. Lear had recently started selling the model 55 which switched from GE engines to Garrett 's 731 turbo fan (yes, we displaced and beat out GE for the contract). That nearly doubled the thrust and subsequently led the 55 to break the record for time to climb.
While I was there Lears began to fly in and out of Sky Harbor and pilots would takeoff, reach the end of the runway, and go vertical. First time a commercial jet could do that and the pilots loved it. Read up on the engines to see what Garrett engineers put into this engine for Lear to see what kind of company Garret used to be. Link is below, read the section of Learjet 55 Engines.
https://aviatorinsider.com/airplane-brands/learjet-55-guide/
When they wreck aerospace. They'll find another business to buy into.
Like aerospace they're moving everything to Puerto Rico and Mexico. They can't find any more money to squeeze out.
So they'll move all the high buck regions to really cheap regions, and when it wreck the reputation so bad they'll sell it or spin it off. By then. Nobody will want to buy anything from them. Which means they'll go under.
Having worked at one of HON competitors in the late ‘90s, HON was a feared adversary. Great technology, simplified designs, hard to compete with.
By the early 2000’s, things began to change. It became much easier to outsell HON. Customers complained of high costs, low quality, poor MTBR, not meeting specs, etc.
After coming to work for HON, I see why.
I compare HON to WAL-MART as well, contract out to build it, contract out to certify, contract out to repair and maintain. About the only design and fabrication work done by HON is in the nameplate and logo plate design.
After all it’s not software.
Once great company turning to cr#%.
Can only speak to Aerospace, but I've heard us referred to as "Money-well" (for out practices of charging gold-plated prices for cr---y services). Also heard "The Wal-Mart of the aviation industry" for similar reasons.
Throughout Covid and all the resulting supply chain problems, the airlines all expected the big suppliers to struggle a bit. The reputation I've seen is that Honeywell lagged everyone else by far.
I wager you never worked for a company that was actually imploding. What you are sensing is not corporate rot it is just class envy. Call we you see h--k-rs in the hallways.
Nothing wrong with class envy.. just dont call it something else.
If you just want a bigger piece of the pie that's fine... sign a union card and start building barricades in the hallways. Try making your list of demands rhyme as it sounds better on the picket lines.
Try this with a french accent
Do you hear the people sing? Singing a song of angry men? It is the music of a people..Who will not be slaves again!
A really bad reputation. Fish rots from the head. Greed, disconnected CEO and executives. Millions in their pockets, while the rest suffers. Typical Corporate imploding on itself.
Enlighten. What do you think is the reputation of honeywell? honeywell plays in dozens of industries. Maybe start by naming the industry where you have customer sentiment expertise. Are we talking about oscillating fans at target?