Honeywell is using the furloughs and layoffs as a tool to maximize profits or minimize losses at the end of each quarter. It stated Q3 of 2015 and it has not stopped since. Honeywell employees are being raiped every quarter so stock holders can have bigger returns. Be ready again for Q4 2016
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I was hired in q3 2015 & just let go yesterday. Pretty sh--ty timing, but I guess mine's never been that good anyways -engines
Before globalization Wall street greed made money and funded the expensive project, that resulted in products and American talent. Now this greed is pushing American jobs to lower cost area; in essence training foreign talent of tomorrow. Soon America will not be able to make any product or be competitive. Wall street has initiated the self destruct sequence.
It can't last.... Wall st is looking for real growth.....revenue growth NOT earnings per share that can be rigged through furloughs and company stock buybacks
It's kind of like cheating and it worked for a while but investors are getting wiser.
We will see after q3 results come through.
And q1, q2, q3, q4 2017 then into q1-4 2018 and so on and so on. Honeywell has figured out that the remaining employees will just tolerate this bull$hit so why bother stopping?