Everything is for sale at Honeywell.
Cote is out and the tricks he used to fool shareholders and the stock market to manipulate the share prices are unraveling and the people left are bailing, so they need to dump the businesses.
Why do you think they have changed all of the policies and furloughed and laid off so many? It is to make the company look good on paper.
It is to be able to sell.
No wonder Cote got away with it for so long, so many unethical and corrupt leaders.
Unfortunately the people that work for Honeywell see whats going on, but all the annalists see is the bottom dollar.
We know that Cote is screwing the people at Honeywell by cutting healthcare, not giving raises, furloughs, messing around with paid holidays to avoid having to pay triple time.
Also cutting the workforce and making the standard work week 56 hours to cover the loss of all those people and still make our numbers.
How Cote is seen as one of the top 10 CEO's is beyond me. He is destroying Honeywell with every decision he makes.
Its all smoke and mirrors shareholders, wake up.
Yes, Honeywell is being sold to a UAE based company looking to automate it's Dubai based ski resort.
In addition to last post; the tides are rapidly turning on HON, as is more than evident in the desperate acceleration and frequency of cost cutting measures, and the urgent search for unsuspecting buyers, before the levees break.
The facts that lends some credence to that observation is in the desperate, but futile, efforts over the past years to try and pimp the company out as a whole, to the likes of GE, UTC, etc. Since they have tried that several times, and have failed, due to regulatory restrictions by all governments, they may be inclined to chop up the body and discard it in pieces to circumvent the regulators. Their latest effort to dump some sectors or functions of the business, like mfg. to Celestica, and the attempt to solicit others, like RR to bite off E&S. can be construed as a deliberate attempt to drop the hot potato in others laps. Often, companies that have built a successful business, but with no more room to run, look to off load while their ahead, and before the tides turn.
Well I for one heard it said in a meeting earlier in the year by Cote and Mahoney that all businesses are fair game. Then they sold HTSI. And now all the changes make sense they are trying to make it look like a cost effective company on paper so someone wil buy them.
Look at all the seniro leadership exits, some by choice, some by necessity, but all ahead of the major upset.
Anyone been to the third floor of sky harbor lately, the whole west end is walled off for what they call Mergers and Acquisitions, but it is also for selling off pieces of the business. It is a coporate enclave and even Mahoney is not allowed in, because his business may be next.
Rumor is they will divest themselves of the engine and APU bisoness next, and then the rest of the mechanical sites, follwed by the electonics sites.
Look at the recent past, sold off the CSR business, (infosys deal has not worked out as advertised) and it has hurt us more than helped (negatively affected reputation, customer satisfaction and sales)
Now add to that the Celestica deals, really has not made business better, actuall based on Toronto's fiasco, Tucson will likely be a wholesale firesale. Some OEM's have already voiced their fierce concerns (Lockhhed Martin rebuke about the move and pointed to the lack of success of the Toronto Celestica deal)
So do i believe what posts are saying, well yes, i would be a fool not to.
The paper tiger!
kill facts as rumors
So Honeywell is actually for sale then. That's a cold hard fact is it?
Give us a source or something if you want people to take this kind of thing seriously.
Funny how Honeywell HR and leadership brown noses get on here and try's to kill facts as rumors.
Heard the same thing in a meeting yesterday.
It's official...we have a Honeyham Rambler!
This was a comment already posted as a response to someone else's post... it's amazing people will repost on the board after already posting it as a comment.
In any case, yes it is a ramble post; as if the morale isn't bad already. :P
Obviously rambling and supposition
Is this actual information, or just rambling?