Any credible knowledge what’s gonna happen at the 3rd quarter end ? What departments will be hit-engineering,supply chain,technicians,assemblers etc.
Percentage of total workforce that will be RIFed?
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I forsee an October cost action in the works with names already in place by the ever loyal lap dogs that is HR. Just a lists of names without any care of whether there is a family in tow waiting for the next pay check. Get used to this until a vaccine is found and things start resuming back to normal. Oh yeah, get your profile ready for the jobs to open so that you can split this joint and duly give your fellow HR the finger walking out the door to greener pastures. This company owes you nothing as a non-wise vp once said and you owe them nothing in return.
Honeywell is delaying payments to suppliers...what do you think is going to happen....Duh.....Third quarter furloughs and more targeted RIF's. The water in the toilet has started to spin.
I'm ready!
RIFs? It will depend on site performance and forecast for government contract in 4Q-2Q 2021. I’m betting Honeywell will 1) ask folks to move to sites where government contract demand is needed to build and test stuff; in hopes of retaining resources or more likely 2) 3rd party all assembly/test staff at all sites to enable on/off switches of staff based on quarterly demand. In either case, there is high risk In providing a safe product to the industry when staffing fluctuates.
Right now, suppliers are submitting 100’s of non-conforming requests in hopes of getting engineering approvals; meaning our suppliers are below-par performers; not good. Honeywell is pressing too hard and suppliers are RIFing too.