Hello...
I wonder if it would be prudent to move to Canada?
At least some of your offices...
With the dollar in favour of the US right now, it would be less of a cost to operate companies and maybe have some of your American talent come up here (Cultural adventure!) all the while maintaining employment and empowerment for some of our own citizenry as well...
I'm rather green on the subject, but I figured it's worth commenting on since a pretty serious worldwide recession is happening right now.
Given that no one in here has the power to move the company I guess you've asked the CEO? What did he say?
Lol. Not exactly management material are we.
So IMO that's a bad move. I dont think a lot of young people want to relocate to a cold climate. I would think actually Mexico would be more salable than Canada even. Otherwise southern or southwestern states probably. Younger people want to have it all. Good jobs in beautiful locations. The fluctuation of currencies is hardly something to bank a companies next 2 or 3 decades on. Further. Honeywell is loaded up with fat govt contracts and large industrial contracts. If a company cannot profit handsomely off that and provide good paying jobs they should just go out of business. Honeywell is an archetypal fat American conglomerate with no identity. It should make hard decisions at ground level and the upper level decisions will be easier.
The labor laws in Canada are such that anything over 37.5 hours must be compensated as overtime. And overhead comes out of a total site budget. And with revenue being primary objective financially it would not be beneficial to move employees to Canada.
Housing in the big canadian cities are on par with San Diego and New York right now. You will need to compensate employees for that.