Thread regarding Honeywell International Inc. layoffs

Post ID: @2lzo+1r176SLF So true, that is the theme I have been seeing for the past couple of years.

How can we bring up shareholder value and profits. Higher workforce that is 18 through 26. The majority of them will stay on parents health insurance.

The more people that are off honeywell's insurance. Which doesn't basically offer too much and probably the worst in the league.

They can take this money. Which will increase shareholder value. Also profits will go up. Find cheapest labor in country. Move factories to cheapest place in America. Move the rest out of the country. Find cheapest labor force outside United States of America. Shareholder value increases and so does profits.

The last phase. Breakup company. Sell everything off. Watch him go bankrupt it after selling them all.

What does Honeywell want to go into next. We transcripts of quarterly results.

When Honeywell announces its requiring your company. Don't think it's a blessing. Run like the wind. Think would emerged with a big company. They blow it.

Let me give you a little advice. When a company approaches you to merge. Let them be in charge. Instead of taking over and saying you're going to run everything, when you did that the merged with somebody else.

Over 45? Pack your bags.

AlliedSignal history. They buy a successful business. Then milk it dry. Then venture into something else. Same results.

They’re at the last phase of gutting the company. The only thing left is wages. Move everything to low-cost regions or out of country. With really cheap labor, they will generate more of a profit. Which could intern bring up shareholder value. It won’t go out very fast.

I can prove this. Been with the company for 12 years and haven’t made a dime off stock shares. The stock never really goes up. We get a dividend and that’s it.

The history show a steady erosion rather than massive events. Under the radar, 5-7 percent “efficiency” improvements (at the expense of customers).
I had a manager tell me once that all productivity savings should be reported in yr over yr “inflation adjusted revenue per employee”. Only number that mattered for productivity.
The big Honeywell sales tools still work: regulation, war, rumors of war.

I'd place big money on the US employee numbers dropping by a sizable chunk this year.

: @lfd+1r176SLF
Honeywell took a $295M charge due to sanctions on Russia. Fortunately that is more than made up by demand for we-pons out of the aerospace division. That is what is meant by a hot war.. American munitions are literally falling on Russian soldiers. Who pulled the trigger is a technicality.

Meanwhile the straights of Hormuz are under direct attack. The only sea passage from the Persian gulf and a critical oil route. Not to mention china becoming more and more aggressive over oil bearing areas in the South China Sea. Shipping crude oil is becoming dangerous.

Honeywell is still an excellent company.

@fao+1r176SLF What do you mean about this? a hot war with russia (uop) these numbers will get nothing but worse. Bit concerning since my job is with UOP

At no time have global sales topped US sales.
Honeywell hires cheap labor to sell into US markets.
"East for East" was always complete BS.
Now that a cold war is raging with china (aero) and a hot war with russia (uop) these numbers will get nothing but worse.

Year United States Europe Others
2021 20,662 6,800 6,930
2020 19,665 6,356 6,616
2019 21,910. 7,424 7,375
2018 23,841 10,066 7,895

Wow, that is a pretty dire story.
Found a site with those 10k reports and sure enough.. looks accurate.
I thought the spinoffs would show up but they didnt seem to make big dents.
Need to look at revenue by region.

When you see the pasted script "Great Place to Learn and Grow, Whee!!" or "Free Snacks in the Mosh Pit!!" on Glassdoor or Indeed you know you're dealing with an abject corporate failure only interested in the d-mbest and most gullible losers as employees. Not a place planning on a long-term presence or any real serious development.

Offshoring, mediocrity and selling off the brand to third parties are the long term trend with many former Wall Street stars. It's the Welchian Way.

This tells the story.
Year after year after year Honeywell moves jobs to the lowest cost labor.
Guess what CZ and PR and even India.. you are not the lowest cost any more. You are next. Especially CZ .. your clock is already ticking toward midnight.