Honeywell is so late on payments to suppliers that we are short material everywhere. I’ve had several tell me they won’t ship until the check comes through. Now we know where that money will come from... employees bank accounts. Think about that ... Honeywell is six months behind on payments to suppliers... and demanding discounts on top.
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If you are an industry leader you are supposed to have contingencies. Covid has been around since February. The suppliers who have been bad mouthed because HON doesn't know what part lead times mean...will just tell them to pound sand. Wonder if MM walks the plank by years end.
Mad Dog has screwed us all and the company at the same time. Is he acting on dairyasses marching orders or does dairyass not see or care? Any id–t can see what's going on here; it's a going of business sale.
Imagine the hubris it takes to go to those same unpaid suppliers to ask for retroactive discounts on materials already delivered.... days after announcing to Wall Street that honeywell has billions in cash reserve.
__Makes me gag a little to admit I work at honeywell__
I hope Wall Street pays attention. That tickling feeling is smoke being blown up your darius.
It's official....Mad Dog has put the final nails in the coffin. We still have significant PD and we can't deliver because our suppliers are fed up with our BS. It's so sad to see short term greed eclipse long term growth.