Thread regarding Honeywell International Inc. layoffs

Amazing. The agenda. For the October. 20th town hall is announced and it doesn't even cover the portfolio changes. Really?? How about a topic about the low morale across all SBGs and all functions in all countries

What I heard was we would achieve 100% Cash flow or cash flow conversion compared to the high 80's. I did not hear fund pension 100%. However perhaps to get to 100% they will fund pension 100% which would allow them to freeze it and should not have to put any more cash into it?

I listened to the ending over and never heard "pension would be 100% funded"

I listened to the recording of the presentation (took a bit to find it) and heard something different in the pension remarks at the very end in the questions. He stated that the pensions were funded 86% currently and that by 2019 would be funded 100%. I take this as a good thing for the pensions and it won't be concerning the investors any more that they have to siphon off money to fund the pension funds once they are caught up on that.

When you listen to the webcast it's just like listening to the earnings call

You have to listen and translate what they say from stock holder impact to employee impact

"Restructuring " means? Improving profits Could just mean re-organizing or perhaps consolidation of some sites. But in my experience it usually includes layoffs but that is how I personally interpreted the Laguna webcast

They comment we will go from a portfolio of 8-9 business to 5. Again could mean just reorganizing but I hear it as some businesses will be sold or spun off as a new stock as they comment we done see a spin off as dilution of EPS

They also say pensions won't have a negative impact by 2019. So what does that mean? Honeywell will be earning more and will cover pensions better? Or does it mean they will fund it to 100% and then freeze it? And/or change to defined contribution so no negative impact?

My opinion is whatever is coming is a significant change

It affirms that portfolio changes are coming. What those changes will be, we do not know. No one is spreading rumors, only reporting on what Honeywell presented in black and white at an investor conference just a few days ago.

No that's true, affirms nothing. It says "Portfolio Review Announcement Planned For October". Get your facts straight and stop trying to scare people with unsubstantiated rumors. If you have real facts, let's hear them.

This affirms all of the rumors I've been hearing. Thanks for sharing the link.

HBT, ADI...on the block