Thread regarding Honeywell International Inc. layoffs

What changes at Honeywell will labor market force?

At least 25 percent of people surveyed say they value remote work more than staying at current salary levels. I would gladly go to a smaller company that offers a flexible schedule for less pay. Currently interviewing looking for a good fit.
Add a relocation package to a cheaper living area and I am gone. It will happen.
Honeywell will be forced to offer similar benefits. Labor market will force it.

To some extent, I agree with the author of this post. However, it seems to me that even if Honeywell introduces some changes, no matter how good they seem, they will always be to the detriment of the employees in this company.

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| 2261 views | | 8 replies (last August 20, 2021) | Reply
Post ID: @OP+1co4W0Sh

8 replies (most recent on top)

The leadership still believes they can draw talent via the name. They don’t realize the under 30 crowd knows how to use the Internet and find out about a company, it’s policy and how employees are treated

I’m sure GE thought they could recruit based on name until they could not

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Post ID: @2ryw+1co4W0Sh

@1cwj More likely you'll be given a 100% reduction in pay to just stay home.

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Post ID: @1vnj+1co4W0Sh

I would gladly take a 30% cut on pay to be able to work from home. Hopefully we will get that option at some point in the future.

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Post ID: @1cwj+1co4W0Sh

I took part in the Marketing surveys back in 2000 regarding using the Alliedsignal or Honeywell name. We also included Allied Chemical in the survey as a measurable against AlliedSignal. Public name recognition not company reputation was used to determine which name to use. Public’s name recognition Honeywell - 96%; AlliedSignal 12%; Allied Chemical 16%. The public’s primary Honeywell name was from people going and adjusting a Honeywell thermostat in the home and the breakdown showed the largest gain in name recognition by women familiar with seeing the name on a thermostat. Wall Street recognized AlliedSignal due to it being part of the Dow Jones. We found very interesting that the public still recognized the old Allied Chemical 1854-1984 at 16% which was only $2-billion at the time vs, AlliedSignal at $16-billion.

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Post ID: @1mau+1co4W0Sh

The reason Allied Signal took the Honeywell name because of a BAD reputation. Well, now HW has a bad rap.

They will never, ever change. Lipstick on a pig changes is all they will do.

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Post ID: @1rct+1co4W0Sh

Even if they try to change image. It to late for them. Remember Kmart!
There are about 33 gamers left in the United states. Once you get a bad reputation. People in general have a tendencies remember the bad reputation. Remember the saying, “ It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently. - Warren Buffett ”

In general, you can never gain your reputation back. Because no matter what you do to improve your reputation. It’s almost impossible to rebuild a good reputation. They were always remember the bad reputation no matter what you do.

There’s no trust in your new behavior. They were always remember what are used be like. There will always remember bad reputation. Which in their mind. You will eventually return to the old bad reputation. Unfortunately trust takes a long time to get back. In the business world and your own personal life. When your reputation tanks. You won’t have enough time to gain that trust back.

Alcoholics, gamblers, and businesses. Perfect examples of what I’m stating. It’s kind a like Charles Di-kson. You’re doomed for all time. However, in rare cases it can be done.

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Post ID: @1jkm+1co4W0Sh

I was the original poster of that comment.

It is unlikely that Honeywell will be able to change quickly enough to keep up with US labor demographic and expectations changes.

Labor demands will only encourage Honeywell to do design work in markets where their is more skilled labor. Do you shop for fresh tuna in Montana? Nope. Honeywell doesn’t shop for engineers in the US either.

Honeywell has repeatedly demonstrated a desire to move to lower labor cost regions. Charlotte is a big example. Atlanta bucks that trend a bit until you compare it to New Jersey Torrance is extremely vulnerable for this reason. That location must be radioactive or it would have been sold already.

It is much easier to eliminate employees than to offer new benefits.

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Post ID: @1hea+1co4W0Sh

The post I quoted is @svz+1cneI3TH

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Post ID: @xbb+1co4W0Sh

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