Corporate functions are to be impacted due to the Homes and TS spinoffs. Further 20% efficiency has been tossed around as a target. I heard the numbers from someone I trust but even they didn't know the when..... other than starting in Q1 for some Corporate functions like IT and Accounting and maybe Corp ISC
10 replies (most recent on top)
Depends on group however they sure make it so that you want to just leave yourself. Every year it goes downhill.
Constantly.
In Corporate functions there is usually one RIF every year. If HON isn't e ceding the made up Wall St targets then two RIFs a year and the laggard SBG is penalized and the business will do at least one RIF. If several SBGsare below goals then all areas are at risk
Typically first RIF is April and second in August but they can occur at any time. And unless something major is occurring like a site closure the numbers are small for each batch of people to stay below the states WARN limits for filing RIFs with the state
Bottom line if you are in a Corp function you are at more risk than in a business. But nobody is safe
And Darius said spinoff reductions of "stranded costs" which is a code word for RIFs are only half done. Therefore expect about 20% RIFs in Corp functions all across 2019 starting very soon (late January).
They cull the herd of oldsters on a very regular basis. Have to chuck those medical liabilities, stat.
As often as it likes
5 times so far in last 3 years,
so closer to twice per year than once per year.
Continually, and usually in very small numbers so that Corporate doesn't have to report it under the WARN act. This also keeps it quiet and out of the press, so that other employees don't know the full extent of their actions.
Furloughs are more their style, same strategy as the government shutdown, in the end the hourly workers are the hardest hit.
Every year. OK?