Am also hearing this rumor as well. Any substance to it?
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Dates are fuzzy, but a furlough in q4 2016 AND another furlough in q1 2017. There will also be a RIF in q1 2017. 4 weeks of furlough are going to happen in 2017; they're baking it into the AOP.
I wouldn't be surprised if they keep having furloughs until they've successfully driven out all the smart and talented HON employees so they can replace them with 3rd party retards.
The moral of the story is, find a new job NOW. Don't wait for the next benefit reduction email. This is NOT simply a "hump" honeywell is tying to get over and then everything will be fine. THIS IS THE NEW NORMAL.
I do not believe there is another RIF planned for at least the next 3-4months. The last one took HR about that long to process with the managers. Remember they announced it in June and executed in september. They spend a lot of time double and triple checking things with legal when they do a RIF. Unless one has been announced it must be at least 4 months away.
So, furlough in December AND in January?
Not sure who told you that. There's a RIF RIF AND a furlough scheduled in January!
Furloughs not planned for 2017 at this time.
MOR meetings, less pay... sounds like a recipe for success! The Dumb Management Always In Crisis project must have come from MOR meetings as well.
Management operations review seems like a reasonable translation for the acronym. If these comments are accurate, I will double efforts to find alternative employment.
MOR stands for what?
Heard it in an MOR. That's all I can say at this time.
How do know these four weeks of furloughs are "planned" in 2017?
Source please?
There will be 4 weeks of furlough in 2017. This is already planned. That's a 10% pay cut right there. Wages are now going backwards at Honeyhell while Dave gets richer and richer.
In discussions I heard a 10% pay cut was not on the cards during Q4 and neither was a furlough. However, give it another 4 weeks of missed sales and I'm sure we'll be there.. All anyone can do is hope the millions of dollars spent of hiring 100's of new sales people pays off in the next few weeks to save the results.
on the run up to the first furlough, I heard cuts up to 25% were brought up in the discussion, nothing more than discussions as the implications were too severe. Nothing is off the table, but remember Côte needs to show the increased margins are from growth and not squeezing employees (unsustainable). A widely publicized haircut is not going to help his story that the growth in margins is sustainable
In the last week five engineers gave their notice in Mpls.
Didn't hear about it on this forum. I keep hearing it at work.
No. Only on these boards