Thread regarding Honeywell International Inc. layoffs

Got my largest annual MIP and merit this year.......with another company. It's nice to be valued after spending 13 yrs at HW.

I received a 2% hourly merit increase. As a result, I am "working" significantly more overtime now than in years past to more than make up for all the cost of living increases I've incurred. For the last 5 years I worked a solid 40-50 hours of actual hard productive work and I was happy to be a top performer. I was happy with my pay and all my needs were being met. Now I do less work than ever and put in 60-70 hours a week. Paychecks are now 30-50% higher than pre-2020. I'm glad that the gov't doesn't mind paying more like the rest of us and I'm even happy to pay a little more income tax each year too! But you know what, if they get inflation under control and prices come back down, I'll happily go back to how it used to be.

Honeywell used to be the google. They chose to scr..w employees in order to raise margin. They do this by SYSTEMATICALLY discriminating against highly educated minorities living in different countries. They pay them 1/5 what same work would get in europe or america. Their is no excuse and dont tell me about cost of living.. same work should get same pay. Honeywell has margins near 50 percent on most products. They got there by cutting labor costs through outsourcing to mexico and malaysia and to a lesser extent china. Nothing they have done design wise raised profits like the mexico factories did. Quality suffered greatly ...especially in aerospace but who cares... money is the goal.
Honeywell is not google. They are leaches selling parts to companies will real vision.
If honeywell was in the art business they would be crayola.
Crayola is not a company of artists.. they sell oily chalk.

Can't you see Honeywell knows exactly what it is doing? If they can lay less and still get the job done. Why not?
They have done furloughs, layoffs, froze pay raise twice i can remember, and look, people are still here working
They will keep squeezing until they can see the biz is impacted which is when it starts hurting their bonuses with no sales, bad deliveries, etc.
Everyone has their own reasons if they need to stay. No judging
But Hon is not google, Microsoft and others where new hires get a starting salary north of $160k plus bonuses and much better benefits
So if one wants those pay and better raises, we all know it is not going to happen at here...

@1caw

I would like to know what you are considering to be a "normal" year and a "normal" wage increase. The "norm" is that we have inflation every year. In the past 60 years in the US the only exceptions were 2009 and 2015. The average inflation rate per year between 1960 and 2021 was 3.8%. The whole idea of of having an average increase per year is to match the average rate of inflation.

The bigger thing to note is that companies raise the prices for the things they sell all the time in response to inflation. This is especially noticeable now at the gas pump, at the grocery store etc. You should ask yourself the following... why is it considered normal for companies to raise their prices during times of significant inflation but employees are expected to take the hit and not ask for more? Can you say double standard?

I have a serious question. I don't understand why everyone thinks the company has to match inflation. In years of no inflation, we still get increases. I have not heard of any other company similar to honeywell doing anything more than the normal increase. Why does everyone expect the company to match inflation?

https://www.wndu.com/content/news/Honeywell-to-cut-retiree-health-care-coverage-for-thousands-481257231.html

Yep.
Have you heard that song “must have had your fingers crossed” ?

Liars.

For those of us over 50 there are far less choices.
Honeywell reneged on the promises made in my offer letter and stole millions in promised compensation. They promised a pension with specific benefits and then cancelled those benefits for me and people who had already retired. Age discrimination is real and ties us to a company that knows we can’t move on and can no longer retire without those medical benefits they cancelled.

It’s not like Honeywell employees do not have choices. Just leave.

My retention shares vest %100K this summer. I'm good.

One great thing about working in capitalistic USA, we have the freedom to choose, another employer if we don't like the current one
I did. So can you.

12% increase this year. But it doesn't really count because I left Honeywell 4 years ago. 🤣