Thread regarding Honeywell International Inc. layoffs

What do you think HON stock will look like the next 3 years?

by
| 2274 views | | 11 replies (last July 24, 2022) | Reply
Post ID: @OP+1hJefiBy

11 replies (most recent on top)

They will never admit this in my division. We got quarterly results for our aerospace division. They were red in every category. Believe it or not. Our management can’t figure out why it’s this way. Hire qualified people. Who know how to do their job and don’t think running a production correctly is based on how fast parts go down line and how many parts you get done per shift.

I believe corporate is setting us up to fail. They got rid of most of our engineers. When they do hire a new engineer. They hire somebody right out of college. They have no one to turn to for help.

Since engineers have no mentors to turn to. They are forced to turn to group leaders who run the line. Unfortunately for the engineers and production workers. When they decide to hire some as a new group leader. They usually hire their buddies from another department. When this doesn’t happen. Then they hire someone who only been working on the line for less than a year, or they hire off the street.

The people who work on the line the longest. Don’t get group leader jobs. The company is purposely doing this. With the old people out of the way. They have been increasing their production. By not following anything anymore.

Then these new engineers turn to group leaders for help. They also turn to unqualified management that really shouldn’t have the rules in first place. The guy hired for the rule. Play because a new or hung out with the right people. No qualifications are skills needed.

End results! Steps are being skipped. Equipment isn’t being set up right anymore. In some cases they don’t even use proper tooling. Even skipping it all together.

They don’t follow the process anymore. They also don’t follow the combine anymore. There’s no enforcement on anything anymore when it comes to building the parts or making sure the equipment is running properly. This goes the same for not following process.

If you’re not gonna force anything, and find people to push parts. End results. You will always be in a red. This new process has been done throughout the whole building. Man should be hired with no skills or qualifications at me to job description. Just hang out with the right people and they will drag you along for the ride. Well dragging a company down the drain and increasing cost.

I can see why aerospace headquarters told us that we must keep cost down. Definitely not happening. This is why they allowed this practice to take place.

I can see this being said. “Honeywell has made a very difficult decision. Due to the outdated facility and the cost of maintaining it. Honeywell has made a very difficult decision of moving it to new state of the art facility.

They were also other factors that played in this decision making. The cost of doing business in your area. With more competition, we had to relocate in order to be more competitive.”

Then I’ll give you a timeframe of how long this will take. If there’s a warranty don’t give you a 30 day notice. The rest is history. This is why I called a set up.

Again! This is a new practice that is being done two divisions they’re either going to close or relocate. Do you wonder why they’re measuring length, width, and height of all equipment on the floor. I can figure out how they’re going to get it out the door. Also they got a know how it’s gonna fit in their new location.

I got an interview for the state. If I don’t get it, I’ll just keep on looking until I get out of the company. They also forcing most of older employees to quit. It must be great to come out of high school. Knowing that you don’t have to have any skill sets or degree anymore. Just work at Honeywell for couple years. Then you can go to another company.

With Honeywell as your teacher, I feel sorry for the other companies.

by
| | Reply
Post ID: @9fhw+1hJefiBy

@ybh+1hJefiBy

The problem is that the vast majority of personnel that knows what they're doing won't move to Puerto Rico. That turns the place into a start-up that will implode within 2 years as quality tanks, the cost of quality exponentially increases, and customers bail in droves. The people running Honeywell are greedy enough and stupid enough to do it.

by
| | Reply
Post ID: @3pwu+1hJefiBy

@ybh+1hJefiBy

The problem is that everyone who knows what they're doing won't move to the socialist pesthole known as Puerto Rico. That turns the place into a start-up that will implode within 2 years as quality tanks, the cost of quality exponentially increases, and customers bail in droves. The people running Honeywell are greedy enough and stupid enough to do it.

by
| | Reply
Post ID: @3zmp+1hJefiBy

to the moon

by
| | Reply
Post ID: @2zmu+1hJefiBy

The Great Recession is just getting started! HON down 25% over the past year and still tanking. Any investment not making upwards of 20% annualized won't even beat the true rate of inflation. Tangible investments are the ONLY way to go.

by
| | Reply
Post ID: @1ceg+1hJefiBy

As $hi!!y as it's looked for the past 3 years.

by
| | Reply
Post ID: @1xjq+1hJefiBy

Honeywell beat inflation since i got my first stock grant in the early 80s.
Pretty sure there are plenty more suckers and slaves to keep it rolling.

by
| | Reply
Post ID: @1nuf+1hJefiBy

Which way is the house of cards going?

by
| | Reply
Post ID: @ehg+1hJefiBy

100-120

by
| | Reply
Post ID: @baw+1hJefiBy

Who cares?

by
| | Reply
Post ID: @yrs+1hJefiBy

Relocate Minneapolis to Puerto Rico. In 5 years save about 5 billion. Stock should go up. Let's get going on that.

by
| | Reply
Post ID: @ybh+1hJefiBy

Post a reply

: