Per conversation with past ops manager from past, all site leaders have been notified of no layoffs or furloughs scheduled for 2017.
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Current CEO has no real ideas for this diverse company, so turns to ruthless cost cutting, destroying people's futures in the process. No matter what you give, more will be expected. "If you aren't burnt out after three years, you aren't working hard enough", actual quote.
Furloughs for Honeywell SIoT employees across the globe, including USA, in 3rd & 4th QTRs of 2017. This despite fantastic results and record share price. With no real direction from the top and middle management too afraid to speak truth to power, this company is in a death spiral.
6 months later and RIF confirmed. Expecting factory shutdowns due to excessive inventory in some locations.
Just want all you naysayers to understand things are tight out there, I cummute daily from the Mog Rim in Az just to find comfort in a well deserving atomospher and the like. I have had many jobs on the rim befor landing a great one with honeywell, ie traping logging , handymanning and even as low as panhandaling., stop the hate ! your all lucky to have jobs! RM
Assuming that you want to work at Honeywell, everything is good until you get tapped on the shoulder. Easy to think you had something to do with not being laid off. It is random (the groups that are targeted) and out of your control. Being laid off can mean a job with less pay or possible relocation, Easy to talk about when you are not affected. New job postings, hire younger people, less pay and no pension. The new hires will mostly be lower cost than those laid off. And is a way Hon can increase diversity. Stock price at all time highs, lots of reasons why stock goes up, stock buy backs have a lot to do with it. Fewer employees means more free cash to do buybacks. What does IBM do anymore except stock buybacks. Eventually the cash runs low, but it can go on for a long time.
I think RimMan is Rimming the man
Tone it down Cote
All of you Naysayers should be ashamed of yourselves spreading hate and discontent about one of the best companies in corporate AMERICA!
You must have a very low roof if you think HON stock is busting through it lol.
One day the investors will figure out they were lied to and were dumb enough to believe Cote's drivel.
.38 cents us t going through the roof. Boring us up some 18% with Trump. Of course honeyhell claims our business is down but all the OEM's stating they expect to be very busy. So my question is, is Honeywell losing market share or not stating the truth about business?
Have all you Naysayers seen the Honeywell stock " going through the roof"!!!!!
Well said @1lvq
Oh right, other countries are lining up to buy US made goods made with high paid unskilled American labor. This is re-run...... Then the layoffs start, obviously it will somehow be the Democrats, or the illegal immigrants fault. So who exactly is going to pick all fruit? College kids
You mean, any MORE furloughs…HBT went through a furlough the first week of 2017, which was announced just before Christmas.
Cote was in Clinton's pocket (or vice versa), but this new development with the China trade should shake things up. I'm interested to see what the shareholders do now with the new administration. How might they push Darius to drive change? or bail completely?
How soon we forget 2009 crash. I hope things do get better, but please let's not forget how bad things were. Companies are not going to pay an American worker $25 hr. to pack boxes or work on an assy line. If you already drank the Kool-Aide, just keeping on making excuses.
"Here" not "her".
Honeywell must be messing with my phone again. Damn them!
It seems like most of the posters her are afraid that things might get better. They won't have anything to legitimately complain about.
Trump creating work=High Priced welfare. Don't be dumb.... Trump has only been in office 4 days. Defense orders are already in place, but not by him. I'm confident that a "Game Show Host" will Make Amerika Great Again. LoL
Apparently you don't get it. If it wasn't for current management at Honeywell, there would be an engaged workforce and growth that would not require quarterly cost cutting and manipulation to report increased profits.
You naysayes don't get it, if it wasn,t for Honeywell you would be in the food lines of the 30"s let it go , your working for one of the best companies in America!!!
"Why so much fear on getting back to normal?", because they must start to work!!
Why so much fear on getting back to normal?
As a present employee from the present that is currently still working for honeywell at this time presently... You know what else isn't scheduled? Not meeting our numbers... It's the unscheduled problems that lead to unscheduled furloughs.
Remember the MOS in this environment, and from this ALT:
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Extract as much cash from suppliers. VPs clueless as to how after s---ing them dry in 2016, but beatings start this afternoon with the new CPO.
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Furlough - make up the balance of number 1, off the backs of employees.
Wait for it. The only thing holding them back from furloughs and RIFs is optics to Wall Street.
If info came from a "past ops mamager from the past", how could he have the latest and greatest info?
They never schedule furloughs this early in the year. I worked with the new CEO in the past and when numbers were projected to be soft in a given quarter, furloughs were the first thing he would propose. If numbers are soft, I am confident that he will continue to operate this way.
Who said this .... Pinocchio ??
Operative word is "scheduled." Let's see what they tell Wall Street this Friday. Earlier comments this year remain the same as last year - flat sales so continued cost savings needed to continue IMPROVING (greedy) margins, not just maintain them. Today's Dilbert (1/24) says it all. Paraphrased - Pointy Haired Boss "We're not planning any changes." Dilbert "Trust you? I wouldn't trust you to guard a funeral home."
Let me get this straight. They got the 2016 forecast wrong last year so we had not one but 2 layoffs AND 2 furloughs. AND they got 2017 wrong also. Does anybody in this company know how to forecast/plan anything?
Also rescind working from home policy ASAP so good employees forced to relocate or drive hours will not leave.
Honeywell should release something immediately stating outlook. People will continue to run away from Honeyhell until they/we feel a sense of future.
Better hurry!
Rumored that hipac steered mgmt wrong and assured Clinton would win. Expectation now is that we may not have enough staff to execute all the work Trump will create. Business picture better than what they were planning to.
Well that might be the plan for now, but when the numbers tank in Q1 and q2, you can bet your @ss they're going to change their tune and start fleecing us again.
Ok do that means nothing. Where were you when they RIF'd people and turned around and RIF'd more?
Same for the two furloughs they laid on us.
If you believe them now, you're more trusting of the crooks than most.