Honeywell Furloughs 25 Percent Of Its Workforce | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-06.10.24

Airborne-NextGen-06.11.24

Airborne-Unlimited-06.12.24 Airborne-FltTraining-06.13.24

Airborne-Unlimited-06.14.24

Thu, Nov 19, 2015

Honeywell Furloughs 25 Percent Of Its Workforce

Company Employs About 40,000 Worldwide

Citing "slow global economic growth," Honeywell will require about 25 percent of its workforce to take five unpaid days of leave between November 23 and December 27.

Television station KPHO reports that the furloughs were announced in an email to employees last Thursday. Along with a sluggish economy, the company cited economic conditions in Russia and China, as well as declines in U.S. defense spending, as reasons for the furloughs.

“We must revisit our fixed costs and workforce resources to best position us in this slow growth economy and take advantage of the efficiencies we are achieving to ensure an appropriate cost structure for 2016 and beyond,” the email from company managers stated.

Company spokesman Steven Brecken confirmed the furloughs.

FMI: www.honeywell.com

Advertisement

More News

ANNouncement: Now Accepting Applications For Oshkosh 2024 Stringers!!!

An Amazing Experience Awaits The Chosen Few... Oshkosh, to us, seems the perfect place to get started on watching aviation recover the past couple of years... and so ANN is putting>[...]

Aero-News: Quote of the Day (06.13.24)

“NBAA has a tremendous responsibility to the business aviation industry, and we are constantly collaborating with them. Our flight departments, professionals and aircraft own>[...]

ANN's Daily Aero-Term (06.13.24): Dead Reckoning

Dead Reckoning Dead reckoning, as applied to flying, is the navigation of an airplane solely by means of computations based on airspeed, course, heading, wind direction, and speed,>[...]

ANN's Daily Aero-Linx (06.13.24)

Aero Linx: Vertical Aviation Safety Team (VAST) We are a public–private initiative to enhance worldwide flight operations safety in all segments of the vertical flight indust>[...]

ANN FAQ: How Do I Become A News Spy?

We're Everywhere... Thanks To You! Even with the vast resources and incredibly far-reaching scope of the Aero-News Network, every now and then a story that should be reported on sl>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC