Forget being innovative at Honeywell - there are countless mandatory useless processes and checklists and super micro management that stiffles motivation and burn labor hours! So many tiers if managemaent and chief engineer iversight, and still - we dont build hardware well the first time. Salaried engineers are required to put in minimum of 44 hours. Daily Tier 2 meetings are a joke! Morale at lowest, and very fault finding culture. HOS the biggest joke ever. Being managed by useless charts and graphs, forget the people. Benefits dwindle. They have a fancy name for unpaid overtime - EEI, engineering efficiency index - only a clever, no good intention lawyer can come up with! HPD goals that are high falluting and high sounding but does not mean squat. Am not surprised the company is losing money - process rich culture driven by checklistsand little brains.
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I agree with everything that has been said so far about Honeywell. But, Honeywell is owned by ALLIED SIGNAL. ALLIED SIGNAL which also owns GE Aerospace, should get a tongue lashing about greed as well. Honeywell used to be a great company when it was MN based before Allied Signal bought Honeywell. Dave Cote, you should be ashamed for how much money you make compared to most of us who actually work here. Instead of maybe giving back a million or two of your salary / bonuses to help pay for better medical coverage for us, you take away more and more from us every year.
Honeywell's name was bought by Allied Signal, a consortium management outfit, some years ago, and is now no longer engineering-driven but exists for the sole purpose of keeping upper management rich on inflated stock prices. If the public understood the snow job CEO and media-hound Dave Cote has orchestrated, HW stock prices would plummet. As it is, the company is experiencing a mass exodus of engineering talent while management bloat continues unabated. Cote's management style is a carbon copy of 'Neutron Jack' Welch's plundering of GE's (remember them?) brand name - and HW is on track to share GE's fate (and stock value). Welch's moment in the sun quickly faded and he's now widely considered a model of bad management style. Can Cote and Honeywell be far behind?
True 100 % !
I 100% agree. HON drowns itself with unnecessary processes, meetings. Too many Chiefs, not enough Indians (persons actually do the work.)
BAM ! POW ! But the company is not losing money. that is the entire point. "Slow Growth" is not a term used when losing money. This layoff is entirely greed driven to keep bonus at a unimaginable high level for the top brass. This is just as underhanded as the big banks were leading up to 2008. Come on, every other week announcing another take over of some new company. Building the "Headquarters". Honeywell Aerospace is not losing money, and if they are it surely isnt from the meager wages they are paying engineers.