Anyone know what is going on? Still waiting to see what is happening? No word on status of layoffs
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The STRAP has always been a joke. I sat through (and contributed, to an extent) five years of those meetings in the early '90s,, and year after year the program people showed hockey stick projections – it's not too great this year, but it'll be a bit better next year, and after that, watch out!
Never, ever, did the even more senior people in these meetings stack the projections from the past year or three against what actually happened and then, more importantly, asked the people making the projections why anyone with an IQ above room temperature would ever believe them.
These people couldn't find any orifice on their body with a magnifying glass and written instructions. Yet, they ran the place, and it appears they still do.
@3axn Actually, the growth was always supposed to be there. For several years, the STRAP showed growth through new ATR and BGA platforms coming to market (wins from earlier years), including COMAC. This was continually delayed as OEMs couldn't get their customers to sign up for the new toys, programs slipped, and COMAC fell behind because the Chinese didn't have a clue what they were doing. New avionics software business was also expected but never happened. Then MM took over the supply chain, cut heads to make up for the delayed growth and profits (because he wanted to show how he contributed like a good little team player and because DC wanted high profits and a big stock price before he left), and past due began to pile up. Presto. $1 Billion past due. That made the growth look like double digit instead of single digit because HON Aero didn't ship according to plan.
After MM took over Aero ISC, there were massive layoffs from an assumption that there will only be single digit growth projected but it turned out to be in the double digits. He didn't hide from the fact of flawed projection but still the layoffs happened. And, now after having taken over the helm of the Aero stewardship one would be blind not to see an even deeper cut to the jobs of people working in this SBG up ahead.
Aero went through the first cut and you can be sure that from now and each following quarter more and more layoffs will happen especially for those jobs that MM deems dead weights and has no value added to the products that customers would want to pay for. Beware for those working in engineering, material management, planning and start dusting off your CVs and ties.
Found HW isn’t great at communication! Award winning leadership, possible some sites have great leadership.
Yes agree RIFs will continue
This question has a perpetual answer. It’s Honeywell - they are always RIFing. The second you think you are good is the same second a dipshit director is plotting your removal. Get used to it, unfortunately.
round 1 of a 15 round bout
I had put in for the voluntary, but was declined. So someone else had to be laid off that probably didn't want to be. Kind of figures.
More RIFs to come - q3 we will
Go through this again
Don’t clear the air and let everyone wait and see - don’t forget you are lucky to have a job!
Have a Happy Honeywell day!!
Some sites only had volunteers. Surprised if they didn’t take involuntarily too! Heard just couple people!
"Rumor" has it, currently assessing further action in Q3. Take it with a grain of salt. Who the hell knows. Strange times we are living.
They were pushing employees to get every last drop out of qtr 2 before going back to the giant excel spreadsheet for more names.
Single digit? Thats impossible with the slump in demand of 25%. Something sinister over the horizon awaits.
Manager told me that all affected in this round have been notified in aerospace. Seems like a low single digit percent number in Phoenix based on email chatter. Hard to believe that it was remotely enough given the drop in air traffic. Bracing for more when the instant return doesn’t materialize.