Honeywell is furloughing as well as doing a reduction in force meaning they are firing people
No one is safe, except for the top level executives and to the people that get the work done. It’s absolute chaos.
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Honeywell PMT just announced one-week furlough for select group of employee. It was announced in such a careless manner via an email just a month before someone is asked for unpaid week. No time for an employee to plan and prepare for lost wages. It doesn't seem to be the end.
Honeywell boasts to their employees that their number one asset is their employees. Hmmm. Then they furlough them for two weeks taking away 3.8% of their paychecks. Add that to inflation of about 8%. Its no wonder they don't see a mass exodus. Probably coming in 2023. It's sad to think that Honeywell raised their product prices in 2022 over 20%, to combat inflation. Then refuse to increase their most valuable asset's paychecks at revue time. Another case of the rich getting richer. Honeywell clearly could give two cents about employee satisfaction, but instead only think about EPS, which of course, only the people at the top stand to gain from. Let's not forget about their CEO. "Adamczyk's total package is 346 times the median employee's compensation." (>$21M)
I’m just wondering how they expect to fulfill any pending/ongoing contracts/orders with the amount of people they have let go (many of which held primary positions/responsibilities) - and with the number of people that I’m sure are headed out the door asap due to impending doom (no relief in sight yet as far as furloughs/rifs ending). My guess is plan is to just subcontract out literally everything (or send it overseas to a corporate team if needs done in-house).
Wouldn’t it be amazing if instead all these subcontractors decided not to work with HW SPS 😁 would love to see HW suffer some actual consequences for all of their bs (though I know those places are where a lot of former HW employees landed, so at least there is some good in it)
SPS is already letting the rumor mill leak it out there are Q1 furloughs coming. Unbelievable! Just to spoil the new year for everyone who survived the cost cutting of Q3/Q4 2022.
They must have forgotten about Honeywell Minneapolis.
I dealt with DA in a private investor CEO situation. He let +900 employees go in Blackwood, NJ. This is not going to end well for US HON employees. Just look at today.
SPS layoffs confirmed. FM, CH, NJ. Merry Christmas!
Restructuring in HBT commercial security. Workforce reduction to be announced soon.