Translation, reduced workforce is coming!!
It may not happen with reduction in force, they may just let the attrition take care of it by not replacing the people that are leaving or just slow roll replacing them.
So can corporate expects this 5-10% reduction. They know the ones that are left are too afraid to leave so they’ll take the abuse, the ones joining don’t know any better. They don’t think you have been working hard enough to keep this place going. This is the worst I have seen it at Honeywell, leadership is so out of touch. JOIN AT YOUR OWN RISK!! You’ve been warned.
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At Aero there are projects in process to move manufacture to low cost regions. So out with the US wages and in with the low cost region wages. All hands on deck, gotta make it happen, this is what we do. Somehow I think the leadership will call this "growth"
As I have posted before, it is still going to be all about profit margin. If various costs that Honeywell can't control go up, reducing margins, and sales revenue doesn't dramatically increase, then Honeywell will increase margins by reducing the cost it can control - reduce expensive employees. Plus, don't forget commitment to reduce number of sites. 2022 will be a re-run of past years.
The notorious corporate sweatshop Honeywell is no friend of the North American and West European worker, you can plan on that. Speculating about your own career path there is a waste of time, because there is none. The sooner you wake up to that fact and get on with your job search, the better.
There is zero chance of cost reduction in a year with double digit inflation forecasts and global worker shortages.
For leadership to say such things is to irresponsibility set the org up for failure. It is not inspirational to stand at the top of a 40 story building and say “go ahead … make the jump”…you can do it just believe.
This is not the matrix.
Honeywell will only achieve cost takeout the same way food suppliers do… by shipping less product and charging double. Many teams will make claims. They will compare minor updates or software ports (Titan!) to real from scratch new invention. Fake news to keep jobs.
If you don’t have a pension, go work somewhere else. It will give you better insight… if you love Honeywell, then they will hire you back for more pay, simple, eh?
That’s every year, is there anything different? The best one is going to be the furloughs so that they get to take your paycheck and still keep you around while they laugh their a-s off to the bank to cash their bonuses.
The worthless giblets in charge literally don’t know what to do and can’t plan for sheet, Q4 will be interesting
The sooner they get rid of these dead weight employees, the sooner the rest of us can be successful.
They're not wrong. Most of us haven't been working hard because this place sucks and we work for a bunch of unappreciative scumbags that treat their employees like dirt. So go ahead, do the 10% reduction, cancel raises, close a few more locations and sell off more office buildings. This company is a joke and everyone left here knows it.