http://mobile.reuters.com/article/idUSFWN1CR0XJ?type=companyNews
I thought the number in aero was around 600 (according to posts around here). ACS was hit harder than aero?
2 replies (most recent on top)
https://www.sec.gov/Archives/edgar/data/773840/000093041316008530/c86383_10q.htm - Page 10
"In the nine months ended September 30, 2016, we recognized a repositioning charge totaling $336 million including severance costs of $253 million related to workforce reductions of 5,888 manufacturing and administrative positions across our segments. The workforce reductions were primarily related to cost savings actions taken in connection with our productivity and ongoing functional transformation initiatives; the separation of the former Automation and Control Solutions reporting segment into two new reporting segments; factory transitions in Aerospace, Home and Building Technologies, Safety and Productivity Solutions and Performance Materials and Technologies to more cost-effective locations; and achieving acquisition-related synergies."
NOTE - "factory transitions in Aerospace ... to more cost-effective locations."
So 2400 RIFs were from breaking up ACS into HBT and SPS.