As expected, no change on where decisions for Aerospace are made. It was never going to to be otherwise but the future is never certain and the end always near.
https://www.azcentral.com/story/money/business/tech/2025/02/06/honeywell-to-split-into-3-companies-with-phoenix-aerospace-hq-to-stay/78289589007/
Product transfers definitely on the horizon in Canada 🇨🇦
Canadian employees will be looking for employment elsewhere.
@ew+1jkfzhsy1 sounds more like somebody doing lines.
@ew+1jkfzhsy1 You are so on the right lines ;)
So my fellow workers, you’re wrong that they don’t have to follow the existing contract. When it officially spot off. They no longer have to follow the contract. All this information can be verified.
New entity. Totally separate from company with board of directors and new CEO. Equals goodbye union.
So if they closed the company down, and reopened it under a new name. In order to eliminate union. They better have filed bankruptcy and would have to prove that they were having financial trouble. If not, the union would be reinstated.
Not the case for a total new entity standalone company. So I’m gonna have to find out more facts from this person. look up the company's name. Then I’ll have to see if they filed some type of bankruptcy. If not, it’s probably illegal, so some of my information was right.
Elliot management is smart enough to know this.
So I looked up some information regarding the scenario. If a company like for example aerospace. Spins off and formed a totally new company with new CEO and board directors. It is no longer obligated to follow the pre-existing contract. Since the contract was negotiated with Honeywell and the union. So it has a different name and independent from the parent company. Then this can happen.
The company files bankruptcy. This voids our union contract. If they close the door and open up another name. Then they’re out of the union. Some companies try to be sneaky. They use this, but they’re not really in financial trouble. Then it can be legal challenges. Which will reinstate the union.
So I’m gonna have to talk to this guy, and find out if they file bankruptcy.
Well, we have a guy at work that told me this. I think they renamed it. Then close it down for 24 hours. You wait until Monday. I’ll be able to talk to the person.
The point I’m making is if they did it in Minnesota for this company. Which I’ll be able to give you the name of the company after Monday.
Re: Union - That is not how any of it works. If it did work that way, why haven't they done it already?
Also export control is going to force a lot of Aero businesses to stay in the US. ITAR components really can't be done anywhere else. Many EAR components don't have 'low cost' countries available as options.
After the spinoff is completed, they will close down Minneapolis, Minnesota for 24 hours. This is the time they need to to eliminate the union. Some guy at my company told me that within 24 hours of closure the union is automatically gone.
This is how it works. They have a meeting upstairs and give out pink slips to the people they don’t want around. They closed the company down for 24 hours. Which basically dissolves the union.
Then after 24 hours. They rehire everyone back. Except the ones that they don’t want back. So I asked the same question you are about to ask. Why wouldn’t they just vote union in again.
The response I got. Nobody wanted the union because it doesn’t do anything. They just get big paychecks and really do nothing By the way! When they brought these people back, they let them keep their pay. They were all happy without the union.
Elliot management smart enough to do this. Cost cutting measures. Eliminate future pay raises and benefits. By reading what Elliott management has done in the past. Your fate will be closing down outdated buildings. Relocating jobs to low-cost regions. Where pay will be equivalent to industrial averages.
This will take place throughout the whole entire aerospace. No one will be left untouched. This is preparing for a sale or a mega merger.
This message to Elliot management. I’ve been with Honeywell for 14 years. In those 14 years. No shareholder value. You’re smart enough to know. The real money is in the stock price and not the pathetic dividends. they give up per year.
Let’s try to run this place like most other companies. You invest in a company to get shareholder value. Not pathetic dividends.
I got news for you. Elliot and his alliance. Had enough influence over the board of directors and CEO that the spinoff took place.
This means their alliance is strong enough. Where they would’ve had enough votes to replace the border of directors and CEO.
They were given a choice. Either you do it our way and will let you sit on the board of directors when we merge with whatever company we are merging with. If not, here’s a severance package.
Here’s my point. The hedge fund and his alliance. They will help pick the CEO and the board directors. They will follow their plan to the letter. This means there will be major cost reductions.
Elliot management if you read about them. They try to hurry up and increase shareholder value, by cutting deeply. High cost jobs, redundancy, jobs that don’t meet the industrial standard salary, fake jobs created with no degrees, mid management jobs, too many vice presidents, too many group leaders, too many senior supervisors over other supervisors, and the list goes on. Don’t believe me. You better start reading about what they do.
Their goal is to bring up shareholder value as fast as they can. Either for a possible sale, and mega mergers. Business as usual. Don’t even think that for a second. Redundant jobs will be eliminated. When you move a factory to a low cost region, eliminate people at the headquarters because you’re gonna merge with another company. You won’t keep double positions around. Expect the word relocation to lower cause regions, double positions being eliminated.
They are going to bring up the shareholder value within two years. So not business as usual and if you believe this, you might as well step into the unemployment line right now. This is the Elliot management playbook. I expect y’all to read it.
The spinoff could create future job opportunities for employees as the
individual companies grow, a company representative said.
Whether those opportunities would be at Honeywell, the representative declined to say.