Cost reductions are only halfway done- more layoffs are yet to come?

Stranded cost reductions are only half done per Darius on the earnings call so there will definitely be more layoffs and rooftop consolidation or site shutdowns like the closure of 1207 Tempe AZ site of 800 people. I would fully expect RIF in Q1 and Q2 of 2019 to remove stranded costs. 2019 budget process underway and should complete no later than mid-December. RIF planning will likely start after that. I am already hearing budget cuts of 10% to 20% and very high revenue and margin target service which also drive RIFs. Hope for the best but plan for the worst

Tend to agree with @VTlWNTz-4qjh. Think that we all need to be ready

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Honeywell bought the Morris Plains building so not likely to close, but could see them declare a different HQ in a low tax state

Darius could make it any where..... it won't be a high tax state

More will be known once AOP is set in next few weeks

more like grab yer ankles and don't clench

Flex and surge sounds more like torture and purge.

They are looking at all departments for areas where they can implement "flex and surge" strategies to meet business demand. If you hear that for your department you are going to be outsourced not get extra help from contractors. PMT Legal is finding that out right now.

heard the same thing...Charlotte. seems more than a rumor this time. People are actually working move projects and planning.

Where does D want to live? Study showed a high correlation with CEO's preferred location with corporate moves.

There are rumors that HQ is being relocated. Will we have to go to Charlotte for Investor Days?

Thread regarding Honeywell International Inc. layoffs

Cost reductions are only halfway done- more layoffs are yet to come?

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