Is it me or y'all also feel that Honeywell has become metric driven organisation with no regards to customers and employees? I think they just cook numbers and celebrate among themselves and no idea what's going on.
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If Honeywell has a lease but want to shut a facility I guess they can sublet.
I believe this was the plan originally for Fort Mill SC, still might be on the cards.
Yes! They do sign leases. However, they moved from Co-n rapids to Clearwater Florida.
The reason was the people who were leasing the building brought the price too high. So they relocated, and I think they use this bogus excuse in Golden valley too.
We do have a small presents in Golden valley. The rest of the aerospace was moved to Ohio. Minneapolis got a very small percent of the aerospace production.
There's been talk that Honeywell will be leaving Golden valley for good. So your facts are right, to a certain point.
Honeywell has been (over)driven by the usual Wall Street metrics for a publicly held company. It's all about the quarterly financial reports in the end - Sales, cost and profits. Leadership can't control revenue nor control most costs readily. They have a good idea of projected numbers ahead of time and if profit margins are projected as improving from last quarter to the next, then it's pretty easy to calculate how many people to lay off. I mean there are longer term strategy things, but it's all about the quarterly profit margins.
Honeywell has sold buildings and signed leases to continue occupying them.
If that was true, why were they trying to sell the building last year. Supposedly they're not selling it anymore.
If you sell the building, where would we go. So I don't think your statements correct, since I work at this location and that was 100% fact.
We had a whole bunch of people walking around touring the building. Supposedly potential buyers.
Everything will leave Minnesota except gyros and the Plymouth plant. Both are tied to large us dod critical infrastructure grant pipelines and moving would cause government customer issues. Plymouth might relocate to Phoenix if they could sell the line to intel or another chip manufacturer to run.
This is the number one reason why I'm pretty sure Minneapolis Minnesota is moving too well low cost region.
Currently our scrap and rework has gone through the roof. The purposely allowing unqualified and no degree people to run the company. Basically set you up to fail. Which we are doing pretty good job at.
This is what they'll say during all hands-on meeting.
Due to the high cost of doing business in Minnesota. We have made a difficult decision that we did not take lightly.
Also to be more competitive with the stiff growing competition. We have decided to relocate your location.
We also have decided that we want to state of art facility. Which will use clean energy and be in line with are competitors. Refurbishing our current location would cost too much and unfortunately it's cheaper to build a new facility.
Effective immediately! Your plant will be closed down and relocated. Then no insert some type of date and time frame.
This is the first we've ever heard of this. I guarantee you'll hear this line.
Not sure if you have noticed but over the last twenty years Honeywell sent approximately 60,000 jobs from the US and European countries to low cost labor regions. Indeed they have switched low cost labor regions as well always following the cheapest labor everywhere.
You can follow this in the corporate reports. The steady death of businesses in the US (teterboro) and Europe (maintal).
So.. yes they did burn it down. Over and over and over again. When they run out of firewood they just buy more ( comdev, handheld products, uop)
Never a new success.. buy , burn, celebrate
@1osn Twenty years and still here. Ouch. Guess that would have an impact on me too!
@1bmn I've been hearing it's about to burn stuff for around 20 years now. I guess maybe if you keep repeating the same line over and over eventually you'll be right.
@1diw+1nwrlGaf Haha, I guess the stock price in 3-4 years will be the metric. They can only cook the books for so long until they burn!!
I'd love to see the metric, that shows mgmt does not know what the h*ll they are doing. Oh wait...I am sure that has been suppressed.
Case in point : Our director told us that all our decisions had to now be data driven, we needed to provide metrics to justify design decisions.
We asked WHY, because that was what he was told by leadership.
We asked HOW, you have to figure that out...make up something to get them off my back.
We said, OK give us the budget to test everything we do and we will give you metrics.
Oh no, can't do that, cost reduction is priority.
And that is our life, because the CEO likely read an article on how modern business is invreasingly data driven but he does not understand what that means and tells the underlings to 'make it so'!
No metric can be trusted at Hon this is no cooking this is Masterchef
Busy work filling out spreadsheets, just bloat and overhead bringing the canker down.
Cooking numbers is an understatement. They also forget that EMPLOYEES are shareholders but they dont give a c*ap!
Totally, you only just figured that out! Guess you are fairly new.
I think they like to think they are metrics or data driven, but they have no clue what to measure, how to measure it, what and who most affects it, and what to do to improve the most.
I’ve been at a large org that constantly talks about data and acts on it and then measures the actions and keeps going if they were right or adjusts and measures again if they were wrong. They identify opportunities that seem minuscule in isolation but that at scale, they generate or save hundreds of millions.
Then there’s Honeywell.
Of course its a metric driven organisation. How else would a publicly listed company be if not to drive results that would drive value to their shareholders.
But, yes, Honeywell is a bit too overzealous with metrices to the point that employee satisfaction which is the VOE given a target to achieve therefore giving fake shows twice a year. HR are the biggest accomplice to gauge VOE and starts writing the naughty list primarily for performance reviews.