Any word on if there will be a 2nd round and if so, when?
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After MM and DA s— up to the Prez when he visits the new mask production line next week.
Hoping Honeywell takes the advice from former CEO Dave Cote in this crisis to continue furloughs rather than layoffs. Good article read. I was here during that and while difficult looking back it was the best option for all
https://hbr.org/2013/06/honeywells-ceo-on-how-he-avoided-layoffs
Remember the time we had to go down to 36 hours a week? I watched many work off the clock..
2 are always built into the AOP: July and November with accruals completed by Finance with HC adjustments every month. The only variable is how many heads in high cost regions like NA and EU. Pay outs are larger accruals than US depending on FX currency.
Increase Executive bonus and compensation to be in Top 50 of packages. "Spin it" to keep "steady hand in place" during strong recoveries and "stability to plan for next recovery" after the revenue declines.
Raise capital to buy over valued businesses, then "break them and make excuses for flat organic growth."
Airbus likely cutting people soon as production slows or even stops for some aircraft.
Get back to work!!!!!
I’ve been around long enough to know this pattern. It goes 1. Suspend merit increases and hiring freeze 2. Furloughs 3. They will say furloughs weren’t enough to recover so there will be RIF next
Boeing said it will be 2 - 3 years before sales recover and 3 - 5 years before they restart paying dividends. Being an optimist, lets say only 2 - 3 years worth of furloughs for Honeywell Aerospace.
@nes: You are likely correct. Account receivables (cash) can be 60-120 days before they hit the books and they are going to be dismal compared to revenue for the remainder of the year.
Wrong question. When will they end is the proper question. We’re looking at a -30% GDP number for Q2 and and commercial flight apocalypse. I think there will be furloughs throughout 2020.
When your badge doesn’t work and the gate guard escorts you to the HR department instead of security. Where do you think they got the money for that dividend? Yup from the people sitting unpaid at home.
NEVER !!!
Honeywell (NYSE:HON) declares $0.90/share quarterly dividend, in line with previous.
Forward yield 2.57%
Payable June 5; for shareholders of record May 15; ex-div May 14.
Will it be more furlough or RIFs? The bets are open. I guess we will get to know once everyone is back from the 2nd week of furlough ...
Get back to work. Who cares. It comes then what? Nothing much anyone could do
Um 1 week this month. Second week next month May. Not sure this helps?