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Honeywell International (HON) Q2 2020 Earnings Call Transcript
HON earnings call for the period ending June 30, 2020.
Motley Fool Transcribing
Motley Fool Transcribing
(MFTranscribing)
Jul 24, 2020 at 9:01PM
@ofr, He did mention the layoffs and furloughs.
"We aggressively managed cost to protect margins"
"Our Phase 1 cost plans delivered approximately $500 million of year-on-year benefit in the second quarter"
He even talks about future layoffs.
" and we completed planning for a Phase 2 plan. These actions helped us protect margins,
Read the question/response from ghra. Hide the aero m—acre with hiring in other division.
I wish they were using this time to let us do strategic development to be better poised when things recover, investing in our future instead of laying off our top inovators and slashing key technology development. All to meet a short term eps goal at the expense of future income.
Darius forgot to mention all the people furloughed, laid off, etc. Probably an oversight, right?