If the economy turns around, do you anticipate any Honeywell Layoffs in 2019?
24 replies (most recent on top)
More LAY OFFS this week, Greer South Carolina, the state is already poor enough as it is and now Honeywell kicks folks to the curb even after 22 years of loyalty to the company
I really hate that companies that are categorized as "Good Companies" lay off people right before they get their retirement just so they won't have to deal with paying them. There are no incentives for being LOYAL anymore, SHAME ON THOSE WHO MAKE THOSE JOB CUTS!
I've heard they laid off a lot (if not all) of their Sales Engineers that came from the Intermec acquisition.
Honeywell. Premium price products built by cheap labor. Just remember Mr. CEO, if you only want to pay peanuts then you’re only going to get a bunch of monkeys. I don’t know why I even bothered to say things I hope people at the top will read. They’re only interested in their own personal bottom line and that’s just life I give up
Why would anyone work for a company totally focused on stock price? Yes, you will have good days and learn a lot. However, one blip and your career just ended. Go in with eyes wide open, build your resume, and don’t let the grass grow under your feet. Good luck!
I just want to say thank you to Honeywell for my work with a fortune ..... company a complete nightmare and the subsequent layoff even more enjoyable. I heard some were asked back but at lower pay rates and with contractor status (even with a job offer) sounds like the old bait and switch if u asked me. And as for relocating to another state with promises of new hires did anyone think to ask was that across the board of just in one high pressured high turnover (tech) field? 🤔
RIF'd recently with over 40 years experience from PMT/HPS. No notice, no request for volunteering. Called in, so sorry, but good-bye. Immediate separation, so no ability to check internal job boards and no internal assistance. Package isn't bad, but won't get me the 4 years to retirement I need. Funny that to progress technically, one has to be a proven mentor. And the first to go are those with exactly that qualification. Interesting times we live in.
So Honeywell goldenvalley is closing...
@VTlWNTz Absolutely It's the Honeywell way.
HUB Strategy RIF's are definitely being prepared now, targeting developed market first. Once the individual contributors are removed and work transferred to vendors, the managers and directors will be next. They need to keep the managers/directors long enough to put their names on the RIF paperwork. Then they will be next. First round is definitely in March but there are plans for a few almost every month, to keep numbers low and out of the papers.
May Investors call will cover how many sites will close, so that should make the news. If I am here long enough to care. If there is a HAND RAISER for RIF, I think this is the one I will volunteer for. No energy left to fight this any longer after 15+ years of it.
Corp IT RIF list and Hub Strategy lists due to be announced or executed by April 1. Some layoffs in EMEA will be later because it always takes longer there. 20% target minimum. Hoping for 30% with attrition which Honeywell considers as free RIFS/Redundancy
Honeywell AERO Coon Rapids closing. 117 jobs relocating. Some to Clearwatersome to Arizona.
Was reviewing our 2019 with my boss (Corp function in USA). RIF is 5% minimum and they expect significant attrition (over 10%). If we don't get the attrition we will do RIFs to meet the huge budget reductions. 2019 is going to be as rough or worse than 2018. Based on how most people feel I think we will easily hit the attrition target from those under 45-45. Seems many people are making New Years resolutions already for new jobs for 2019. LinkedIn will be busy
Roof top is real. Just annnounced Albuquerque NM site is closing by year end 2019. And Darius said he would push for 50% site reduction in earnings calls so if you research the public sources you can learn a lot. All part of the public record. The January investors conference should be a real eye opener!
Is this roof rooftop consolidation real? or just rumor? does that mean if you work for a site you have to be located on that same site? what does this mean exactly?
@4qjh Enough people will quit or be forced out with the rooftop consolidation (and limited or no relocation funds for the impacted employees) to keep RIFs small enough not to be reported and under the radar, thus avoiding the press. That's the main goal. Keep it quiet and keep employees in the dark. It's been this way for 2+ years since leadership became so paranoid about the leaks on this site, particularly Aero ALT.
PIPS and layoffs are 2 of the 8 behaviors
Stranded cost reductions are only half done per Darius on the earnings call so there will definitely be more layoffs and rooftop consolidation or site shutdowns like the closure of 1207 Tempe AZ site of 800 people. I would fully expect RIF in Q1 and Q2 of 2019 to remove stranded costs. 2019 budget process underway and should complete no later than mid-December. RIF planning will likely start after that. I am already hearing budget cuts of 10% to 20% and very high revenue and margin target service which also drive RIFs. Hope for the best but plan for the worst
The rumor is Albuquerque is closing. Has anyone heard that?
@2ihw That growth is all the new versions of planes and the contracts were signed years ago. This was expected and will propel HON and other OEs for several years. It's just another cycle. HON can screw it up by getting rid of older, experienced employees (read high pay) which is what they are doing.
What do you mean by turn around? All I have been hearing is how great things are, how great growth is, how great earnings are, how low unemployment is. They wouldn't lie would they?
They will always be chucking older workers. As the Geico guy would say: "It's what they do". They want to minimize medical cost liabilities and restrain pensions. Whatever you do, don't stay past your expiration date. Doesn't matter what the economy is doing. They do the math. So should you.
Can they fool shareholders into thinking they've added value by laying off experienced domestic workers and hiring cheaper labor overseas? Yes, they probably do think that.
The job market today is as good as it has been for several decades. That being said, employers in general will do what they need to manage the workforce. A guess. Staffing will depend upon the programs that will be supported and the skill sets needed to support. Try to ignore the background noise and keep a positive attitude as best you can.