Honeywell will not be paying out any money the balance of December, including Employee payroll on Dec 23.
They will keep hundreds of millions on the books and that is how VPs and Presidents will make their numbers.
Oh, and by the way, could you bust your hump to pull in orders at the end of year? We will not be paying you.
Dont post crap like this one. There are employees loosing their jobs, watching how their salaries and benefits are reduced and maybe loosing nights of sleep because they dont know how to pay. A lot of them are not accountants a dont know this is crap. I dont even think you are one.
@3qvw - it's an user comment, an opinion, as such it does not constitute a piece of news by definition
This post is sarcastic.
It's not true but it's entertaining.
Fake news
The accrued liabilities will be on the books but the cash will remain at Honeywell. Another metric.
Those "hundreds of millions" that you write about are offset by those same accrued liabilities on the books. Accounting 101.
Payroll payments are required by law - we may not pay our suppliers but your payroll claim is bogus
Yup. Not making payroll is a huge red flag for investors, you'll get your paycheck.
Why is CRAP 💩 like this even in here?
Payroll will be paid out. This jus makes this site like any other gosip site.
It's their Cash Max philosophy!!
Nothing new here, Honeywell always pays their suppliers 90-120 days late. That is why they hate Honeywell so much