The number is expected to be 50% white collar employees in North America across all SBU’s over the coming year. It’s going to be deep and very bad. It is using the current crisis for restructuring the entire corporation to take advantage of the lowering global labor cost I hear.
Fifty percent sounds unrealistically high - but this is Honeywell after all. Can anybody confirm if this is true?
Yes it is correct
Clearly the focal point of the company in terms of it's emerging workforce is India. This includes business leadership, engineering, accounting, marketing and every other job function you can see.
The company has been turning it's back on the North American workforce for 20 years, the Euro workforce for 10 years and now the Chinese workforce has become too expensive as well.
Only VRip people, so number count would be less than 1%
It’s baffling to me to see so many people stay for this abuse. Don’t y’all know you have great value? No reason to sit atop a sinking ship. Jump now and let these b–tards fail.
I think the more important question is this crisis being used to improve Honeywell’s long term bottom line cost as a strategic and deep RIP to both reduce and shift cost to lower wage countries and lower wage employees? Does any one have any insight or examples into how the current crisis are being used as it relates to cost reductions, lower wages and benefits, etc.?
The below is correct. The % RIF'd by SBU and function varied over the two RIFs, after checking with well placed ISC, SBU, Finance, and Engineering sources. Don't know what else is planned this year but if there is another COVID outbreak and flight hours don't pick up, you can bet we'll see another RIF. Don't forget the 50% rooftop closings that will happen anyway.
From@ kuh+15tjiYDf
Heard the same thing. Between the 2 Aero RIFs, it's 35-40% of non-production employees. Decision on employees to be RIFd was made primarily by Tier 2/Tier3 VPs. Most directors/sr managers/managers had zero input. They were told who on their team was going, and found out which of their employees were on the list after last week's announcement. VPs who don't have a clue what people actually do made the decision. If you thought it was a cluster f— before, just wait.
In reading all the lay-off post on this board over the last couple of months there appears to be multiple accounts from various SBU’s and functions with reference to leadership statements regarding RIF’s and cost cutting being very deep and between (35% - 50%) RIF’s, between now and the end of the year. So 50% RIF of non production employees and white collar employees over the next year (365-days) makes sense given the COVID-19 Pandemic, Global Shut-down, on-going Protest, and general economic conditions around the World.
i heard 48%
The person who posted the 50% has no facts... just a troll trying to stir things up...