WFH will be allowed when cost effective (short term). Honeywell (and other companies) want temp workers, on temp assignments where the work /project can a lot of times be done remotely. They do not want permanent workers WFH.
Plus, the policy will make some permanent workers leave which is also what they want. I know plenty of consultants and contractors and they do most of their work from home, or at least not in the office. Typically don't have a desk in the plant.
The future is a flexible / temp work force. Workers bring there own supplies, own cell phones, no assigned desks , no benefits, easy to purge. All short term of course to reduce cost, good for those in charge for a while, but not good for the long term.