New airplane production is almost 0, and use aftermarket sales are not far. There's no way for this h3llhole division to make any money. MM knows it's time to hand it over to the Indians to write code and transform HON AERO into the cutting edge software industrial company it's destined to be.
LOL.
It was way more than 50% RIF’d in my area. Entire groups were eliminated. The remaining few are floundering with no one to finish up tasks that were supposed to save millions, but now it’s not happening because no one is around to sign off. It’s cost them far more in the long run than they saved in salaries, but they don’t care if they’re attempting to sell it off. This hasn’t been a growth mindset company for decades. It hasn’t been anything but a slash and burn. Burn the suppliers, burn the employees. They’ve even sold off testing equipment, interfering with shipping. How much sense does that make unless they are desperately trying to pull cash out and play like there is something here to sell.
Too bad for those that remain. Yet I warned you repeatedly what was coming.
Forbes: COVID-19 Impact: Aerospace To Account For 60% of Honeywell’s Sales Decline In 2020
That is what drives the RIFs. Feeling it for my ex-colleagues.
Screw this hell hole and look for a lifeboat quick. Actively look for jobs externally. Any company out there still hiring, is resilient to any pandemic and will be worth to stick on with unlike HoneyHell.
This used to be a good company where job security was a thing people wanted and was eager to grow with but now, with so many RIFs over the years, it looks like some Ponzi scheme company.
The only advice to give is hang it out till as long as you can till another job comes a calling but in the meantime do not put that effort to pick up the mess. Just roll with the tide. No one can fault you especially after the layofffs as your supervisor is needing you more now than ever.
Honeywell Thinking: 50% the 50% the 50%, therefore only 12.5% need to run any business in any industry at any point in time. Make sense?
Aero has been dead-man-walking since they approved following McDonald Douglass over the cliff.
McDac bought Boeing with Boeings cash and Wall St’s blessing (MBAs demand for share price). McDac nuked the engineering-centric leadership, and pushed all the suppliers to follow their lead in MBA-centric financial s–c-de. 787 was first real McDac plane with boeing blue paint and its rollout speaks to the new leaderships skills. MAX here is going to be fodder for a generations text books about how not to run an engineering business.
Sound familiar?
@nwh maybe not all teams got hit with a 50% reduction but the team I'm on did.
"Need to keep the metrics up"
Yeah, sure, ok...
But I'm not working 12 hour days and weekends. How about some leadership on how we do this?
They will make it work. They just pile more into the backs of everyone remaining.
Aerospace will make a comeback since there is no other practical way to travel. It will take time, and aerospace companies just need to figure out how to survive until then. Our problem is HON only knows how to cut and slash heads to the point where we will not be able to compete. It will be a miracle if HON aerospace survives this due to ALT greed and outright stupidity.
50% of AERO employees have not been RIF’d drama queen.
They can. None of the layoffs have shut them down before. More with less they tell the remainders.
This isn't wrong. You heard it here first. 50% of AERO employees are already gone with more to come. Think you can run a business with that many heads missing? You can't. ;)