Thread regarding Honeywell International Inc. layoffs

Honeywell DOES pay very well in many markets. It's difficult to find a job that doesn't require relocation and make what Honeywell pays us. The working conditions, and near continuous stress of reorganization-after-reorganization is the price we pay for staying. I concur with an earlier post - many of us are simply staying until we can find something better (or at least different). The constant cost cutting, elimination of perks (like remote working), annual increases in out-of-pocket benefit costs, and fear of the possibility of being RIF'd "any day now" will eventually drive out the high performers, and leave only those who can't find work elsewhere. It is a very sad situation - I REALLY liked working at Honeywell, but it's just not the same company that it was just two years ago (and not in a good way).

My coworkers are the best and I haven't found another job yet.

I have about 25 years to go before I can retire. That is a long time to put up with layoffs and furloughs every quarter. I wish I could do more to advance Honeywell to make it a better company, but every time I try - I get shut down. We know quality is $#it. We know venefits are $#it. We know job satisfactions is $#it. We know management is $#it. We know HOS is $#it. The culture of profits at any cost is $#it. Honeywell is $#it. So why am I here? I am gaining critical experience and building my resume. I have learned good things and have personally developed my career very well. But - Honeywell is not a place where I can be innovative and experiment, develop, and grow technically. I am starving for knowledge, innovative thinking, and new development that does not have me chasing a charge number and begging for funding. "I would rather be lost in my work than lost at work."

To the last poster: good! Just milk them for the next 3 years or so until you can bail and retire. Just do as little as possible and enjoy your retirement!

Because I'm close to retirement and it would be hard at my age to find another place with equal pay. If I get another 3 years I will be happy, probably won't happen. But I can dream. So I put 30% of my pay into the 401K while I can and let my age tick up to get a bigger monthly payout with less deduction for claiming before 65. That's why I am here still.

I was there for 32 years top performer and still got laid off bypassed over 8 RIF HW s---s finding a job now is f---ing ridiculous your self esteem goes down I did nothing wrong at HW did everything they told me to do but life goes on and gets better I think now everyone including shop people should all call in sick on the same day for 3 days lol cuz without the people who do the work nothing gets done only managers and directors and VP idiots show up for work and nobody there lol too funny maybe they would realize who really does the work

@JwEYZRd-2awl:"That doesn't exist for us new guys that are fed sh*t on a daily basis and told it is caviar"

MUSHROOMS

Re: Re: What is a pension.

I was kind-of being sarcastic with my question, but I still appreciate your very detailed response! I knew there were two plans, but didn't know the specifics of them.

Too bad I'm in Plan C, but it makes my decision a bit easier!

RE: What is a pension.

A pension is a fund into which a sum of money is added during an employee's employment years, and from which payments are drawn to support the person's retirement from work in the form of periodic payments.

In aerospace, the pension is called "The Signal Plan".

There are over 13 different secure benefit plans in the Signal Plan, from the various company's that have merged with former AlliedSignal. Previously AS was Signal, hence the name of the pension plan. AS bought Honeywell, and there are multiple other companies that maintain their Secure Benefit Pension, Lycombing, Grimes, UOP, Sperry, Honeywell-red, Honeywell-Blue (aka AlliedSignal), etc, within the Signal Pension Plan.

In general prior to 1986, the Secure benefits plans targeted 80% pay in retirement, with a 40% lump sum payout.

From 1986 to 2000, the pension benefit was targeted at 40% in retirement, 20% lump sum, at 55 a 80% payout, at 60 a 100% payout. This is what is referred to as "Plan A". It is a defined benefit plan.

After 2000, a new portable plan, or a hybrid cash balance plan was introduced. This is what is referred to as "Plan B". This plan does not have the age limit to withdraw, but is roughly 15% value of Plan A.

After 1/1/2013, no pension was given , this is referred to as Plan C.

I'm staying to milk cash out of Dave and Timmys cash cow and I'm waiting until the critical moment to leave. Maybe right before a critical deal was supposed to happen. I'll take lead then bounce and sink the deal for them. How does that sound, Tim? You a$$wipe!

Question: What is this "pension" term you guys keep throwing around? Never heard of it. That doesn't exist for us new guys that are fed sh*t on a daily basis and told it is caviar. I'm not here by choice, trust me. I'm only biding my time until my escape.

I figured this HOS crap was designed to make everyone as unproductive as possible to give them an excuse to move it to another country. Then Dave says the layoffs are because we're too efficient . Go figure.

As others have said, I'm just trying to last another 4 or 5 years until I can get Medicare. I can't afford the $400 - $800 a month for the Affordable (?) Care Act if I retire. So I continue to try to stay low and out of the public eye. But it's tough to keep quiet about all the bulls**t that goes on. They're more interested in their Arts and Crafts (metrics and CI's (continuous improvements)) than they are shipping a quality product. We've got more managers and bean counters than workers any more.

For me it's salary, and 5 weeks of vacation. Slim pickings when looking for other employment in our area. I'm not in a position to relocated due to several factors. Plus I'm over 50, and there seems to be huge discrimination out there. Just trying to survive until retirement...

HOS sounds like a bunch of paper pushers dream.

Honeywell uses SAP-System Application Program business software like most of Aerospace. Honeywell is much more mature in it's application than most companies. HOS is the business processes that define how we operate and measure the performance at our sites. People hate it because it is nothing but smoke and mirrors. Some plants eliminated the HOS staffing that supports this initiative. This business process drives reporting, performance metrics, and other useless information that we are no longer staffed to evaluate and take action with the information. Honeywell hired a bunch of chiefs to track this stuff, but no one feather Indians to process the information. Now we have layers of people that have their one page report to take to their useless daily meeting. It is laughable. We need more doers and less bureaucracy. Instead of streamlining our business processes it has become a bunch of people trying to build their little empires within Honeywell. At first they acted like they cared and did many production cell transformation Kaizen events, but now they can't look us in the face after all RIF's and furloughs. I don't understand why they are wasting our time, all the information they need (and I mean everything) can be easily pulled right out of our business software on a daily or weekly basis.

All of the above. Why would a young person be attracted to an environment that pits an environment where if you think outside the box and you question the status qou will most certainly meet with a bad HPD review for being adverse to HOS and team building? There are much better companies out there that realize the true value of the individual and encourage a free environment where individuals matter and free respective feedback is encouraged within the minion ranks. This advise is offered by a principal engineer who after 10 plus years of trying to understand the new HI under commandants Côte and Mah

honey said "no mass" and retired early after being refused the last voluntary RIF offer.

So this is purely a software term or also mean how Honeywell political system operates?

Why people hate it so much?

It has a broken scheduler? It doesn't handle priority correctly? It has huge latency? Or the Isr always gives the CEO a favor?

In turn, the Isr always bothers all the daily tasks and locks all the resources?

HOS-Honeywell Operating System

Sorry, give me an Acronym education, what is HOS?

I am a "millennial" that has stuck around to apply internally for interesting and resume padding work. If I don't get the interesting job, I will pursue other employers or make that baby clothes app people keep talking about. I'm tired of the HOS Golden showers.

It's like a bad marriage. You've gotten use to being berated and talked down to and macro managed by morons. No self esteem left. Additionally I'm waiting out medicare. Hate it here.

You still accumulate years of service under the old pension plan, it's just the salary basis part of it that was frozen at the end of 2015. I'm a few years away from retirement, too old to start a new career and too young to be eligible for Medicare, and that's why I'm hanging on. My motivation and loyalty are shot at this point, however, so I'd be just as happy if they sent me packing. I used to love my job, but not any more... I don't think "leadership" realizes how much damage they've done to the organization.

All the older folks are riding it out till the second they can retire. We have been force fed the kool aid .... The Honey op system has turned most of the productive workers into demoralized turnips. Newbies are hired in as temps and most don't last long enough to learn anything. Everyone who is presently not living under a rock knows the crash and burn is coming soon. However, this is Homeywell and nothing gets done in a timely manner. Hey it took diamond Dave 14 years to adjust the culture here. So don't forget to breath while you wait for the circus to move on to the next town/country.

Captain America poster. I remember them trying sell the New Pension plan. Fortunately I had counsel from some pretty smart finance guys with Honeywell. Seek out a financial advisor and put your money to work as long as you can before you retire. Good Luck

To the poster who said he has 36 years in........and who has a first time female manager who is "barking". Let me guess.....her initials are "LS". If not, consider yourself lucky! LS should have been fired a looong time ago. Everyone despises her, and we are talking everyone, because she is full of herself, treats employees like garbage, but gets to keep her job because she hides under the "I have a mental problem with depression and am under a doctor's care" umbrella, therefore she can't be let go. Her only problem with depression is that she gets everyone else depressed! Amazing how these types are the cream of the crop........only the best leaders at HON!!!

If I didn't have 36 years in I'd leave. I have a first time female manager that has no clue how to lead or manage anything. She is older and treats us like school children. Barking out orders with no examples, no one on one conversation just orders and now meetings to review what we've done before submitting.

It's s joke and our group is older so lots of retirees coming soon. I will apply for RIF next time if offers offered.

I say 8 hours and nothing more from now on. I hope they put me on s PIP so they have to give me my 26 weeks or its court time

All the best!

Stop milking the Honeywell Cow. The milk is getting sour and rancid.

I have the "New Pension Plan" option, selected in 2000, after we were absorbed by Allied. It is the lump sum plan, which seemed like a good idea at the time. We legacy Honeyweller's were sure we would all be axed by the new owners (Allied). Turns out, it is such a crappy payout, Garrett/Allied people with the same amout of time and income are getting 2, 3, or more times the pension payout I will receive. We were pretty much sold that this was the way to go in 2000. Anyone else with a similar story, please post here.

Which pension do you have that was not frozen?

Not all pension plans were frozen, mine was not.

are you still employed w/ HW? if not, go out and look for a new better job for your family and yourself . Knowing why I am still with HW, it's not going to help your situation. Please I am begging you. When we have a better viable option, you would know. Peace out

Salary..

To Get Paid: Not sure if your father told you, but our retirement/pension plan was frozen on 12/31/2015, so whatever your pension amount was based on earning to date 12/31/2015 is all you will ever get from Honeywell. 401K maybe growing larger, but not pension plan.

I think most people I know would say "the people/co-workers" keep them there. When you work long hours with people it's normal to develop a bond with them. I've been in Aerospace 37 yrs (18yrs @ Honeywell). Maybe I am still wishing for a time gone by or still see the potential & wishing for the "Garrett" days to return. The reality is that we can process much (3 to 4x) more data than we used to in the late 70's and 80's. I still remember an old-timer telling me "you think the company is going to pay you to sit in front of that computer all day". I'm only a few years from retirement and I'm probably comfortable. The breaking point for myself and many others is when the company no longer can be trusted and makes decisions that impact my lifestyle and financial future. I believe most of my co-workers are beginning to polish their resumes, network, and put their feelers out there. I personally know five people that still working at Honeywell way past their 65th birthday. I think a lot of people from my generation (Baby Boomer) are just wired to keep meeting the demands from the company, no matter how ridiculous. Aerospace used to fun and we could take pride in what we accomplished, now it is a bunch of useless reporting that we are no longer staffed with people to analyze or take action on the data produced. If I were a young man I would come to Honeywell for training and then bounce to a company with a future. Honeywell/Allied outsourcing to "Low cost regions" is now in it's 3rd decade now, this is an old story. I've worked in some real sh--e holes over the years. I know it is difficult to decide which plants to modernize, given the global uncertainty.

I think most employees have been there so long, they don't know what it's like to work in a better environment.

For my father, it is because he has been there so long that his pension plan is only continuing to grow larger; plus, he has found enjoyment in some of the work he has completed, even though he detests the regulations here.

As for me, I am a poor college grad just earning some money until I am ready to move up and out. :P

I am milking this cow until I find something better.