Hardest hit areas were Milwaukee Corporate and Buildings HQ.
Rumor is more to come in Q2, except these poor souls may not get a severance package. The severance packages so far have been funded by the “Integration” budget, but that is closing Dec. 31, 2017.
Therefore, if you are getting the axe after that, your business unit will need to fund the severance package...
and they are all getting squeezed by George Oliver to cut tens of millions from their budgets. That doesn’t allow for much or any severance funding, does it?! The company is imploding. Watch for Power Solutions sale or spin-off in 2018. JCI will them be an expanded Tyco with a new name.