In the six months ended June 30, 2023, the Company recognized gross repositioning charges totaling $169 million, including severance costs of $86 million related to workforce reductions of 2,561 manufacturing and administrative positions primarily in the Company's Safety and Productivity Solutions and Honeywell Building Technologies reportable business segments. Yes, protecting exec bonuses.
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Once again I find it necessary to remind folks that Honeywell makes most of its money from activities that don’t require a lot of people. The new model is buy at a discount and cut cut cut. By the time all value is extracted they have turned a great profit. Next.
The business model IS cost cut and layoff.
Good luck new hires.
I’m glad you guys are so loyal. You tell me I need to be as loyal as you. Don’t have an attitude about furloughs. You’re helping everyone at Honeywell. You’ve got great team spirit to help drive up stock dividends.
yes! Soon as our new aerospace headquarters. Replaces Mike Madison with the new president. He should increase our stock price. Buy Honeywell Stock. I think it will reach $360 a share.
So, if you you get RIF, it’s great opportunity for your predecessors that copy everything you do. There’s room for advancement. I guarantee if we call you back. You’ll just keep coming back. We had one person come back three times. They couldn’t get enough of this.
You guys put your ascot on. Then your real feelings show up when they sc--w you over. I love this board for that reason. Walking around the building with that Kool-Aid attitude. Then putting everybody down for not having the same attitude with you. Then when they pull this cr-p on ya yeah, just like us.
Teamwork equals higher stacked evidence. Our stock should be soaring through the roof after they sell everything off. We know what they’re new businesses. Yet! Keep the slogan. Your future belongs to us. Sometimes your future belongs to the unemployment line. Yet! You still have a future with us.
Like to 12 days of Christmas. On the first day of Christmas or whatever day. Honeywell gave to me. One week of furloughs. On the second day, Honeywell gave to me. A whole bunch of RIF. On the third day of working at Honeywell. Honeywell gave to me. Your plant is being closed down and relocated.
Keep up the good morale. You’re doing it for a purpose. Keep giving us the propaganda so the ranks follow your act. It’s not a furlough. It’s time for you to have a future. Making about how you’re gonna increase our matrix when you come back. Laugh out loud.
They have done irreparable damage to protect those bonuses, the impact is really starting to set in now. SPS is toast.