Dear Colleague:
As noted last week, Aerospace continues to perform in a slowing global economy, and aviation industry. We must proactively align our 2016 workforce resources and fixed cost structures to address this environment while maintaining our competitive position and advancing our sales and manufacturing priorities and efficiencies.
Each Aerospace business and function has reviewed its Annual Operating Plans and budgets to ensure they are aligned with current investment and spending priorities. Unfortunately, in Integrated Supply Chain (ISC), to meet our business objectives, we are planning a workforce reduction in the following ISC organizations; ISC Functions, Americas Operations Indirect Labor and a smaller targeted group of non-manufacturing Direct Labor in the United States and Puerto Rico. We anticipate any reductions to be effective in January 2016. We regret not getting this information to you sooner, but a number of factors determined the need for this action and we are communicating as early as possible.
We will consider individual employee requests to be selected for the reduction. We will follow established consistent and equitable reduction in force policies and procedures. Employees who wish to express an interest in being selected for this reduction should do so confidentially by sending an email to their Human Resources representative, by close of business on December 9, 2015.
Eligible employees selected through this process will be offered the same benefits as other employees impacted by these reductions, including severance and outplacement assistance. Honeywell reserves the right to accept or reject self-nomination requests based on business needs. To obtain a copy of the Honeywell reduction in force policy for non-represented U.S. employees, go to the Honeywell intranet: Policy.
The Aerospace leadership continues to consider additional cost actions in other regions of the world, which would be determined on a country-by-country basis, following local laws and practices.
Again, I understand the burden these decisions have on our team, and it’s always difficult to take actions like this. These actions will enable us to address our fixed costs in order to remain competitive and further prioritize investments that will help us to continue growing in a difficult global economic environment.
Mike Madsen
Vice President
Integrated Supply Chain