With Panasonic just announcing building a EV battery plant several minutes from Honeywell, there will be a exodus of employees leaving for a new opportunity.
I wonder what Honeywell’s plan will be for employee retention?
Try to keep employees or just let employees leave?
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And don’t forget Garmin right by there is hiring with avg salary of $ 94k
Definitely a lot of turnover, plus a shortage of qualified electronics techs will be the downfall once people start retiring.
FAR 145 repairs do not have to done in the US. UKSC, Toulouse, Canada, Mexicali etc.
But moving work to one of the MRO strategic partners is quite likely vs a complete transition.
I just wonder how long it will be before they announce their decision.?
SK is the best thing for HW Olathe
Retention... that's a good one.
I'll be among the first 100 to apply! Most the best/experienced talent left within 24 months of Cap'n Ahab SK stealing the director's role from Wichita.
Still people leaving, zero plan for retention, and what few recruits they manage to find look like they spent serious time in rehab. Writing is on the wall -- Aero Olathe and its lifers are doomed...
@2fvg+1hIwQwaI They (ALT) will not Offshore the R&O work that is performed in Olathe. That work will be OUTSOURCED to Standard Aero and Duncan Aviation. FAR 145 operations must be performed in the US. The Production Side will be Off-Shored to Penang. A few Product Lines (Military/Duel Use) will be transferred to Phoenix DV.
Virgin Galactic will open an assembly manufacturing facility in Mesa in late 2023, and I expect to see Phoenix Aero people bolt for it. MM vs. Branson. No contest.
Honeywell's typical retention policy in face of industrial talent competition is to celebrate and give bonuses to VPs so they can buy porsches during layoffs. The jobs will be offshored.
401k match payout every other year.
A lot of people also recently left to go to work at FMT in Missouri.
Standard Honeywell retention policy is "Don't let the door hit you on the a$$ on your way out."