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-11.17.25

AirborneNextGen-
11.11.25

Airborne-Unlimited-11.12.25

Airborne-FltTraining-11.13.25

AirborneUnlimited-11.14.25

LIVE MOSAIC Town Hall (Archived): www.airborne-live.net

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

Classic Aero-TV: Extra Aircraft Announces the Extra 330SX

From 2023 (YouTube Edition): An Even Faster Rolling Extra! Jim Campbell joined General Manager of Extra Aircraft Duncan Koerbel at AirVenture 2023 to talk about what’s up and>[...]

Aero-News: Quote of the Day (11.15.25)

“Receiving our Permit to Fly and starting Phase 4 marks a defining moment for Vertical Aerospace. Our team has spent months verifying every core system under close regulatory>[...]

ANN's Daily Aero-Term (11.15.25): Middle Marker

Middle Marker A marker beacon that defines a point along the glideslope of an ILS normally located at or near the point of decision height (ILS Category I). It is keyed to transmit>[...]

NTSB Final Report: Lancair 320

The Experienced Pilot Chose To Operate In Instrument Meteorological Conditions Without An Instrument Flight Rules Clearance Analysis: The airplane was operated on a personal cross->[...]

Airborne 11.14.25: Last DC-8 Retires, Boeing Recovery, Teeny Trig TXP

Also: ATI Strike Prep, Spirit Still Troubled, New CubCrafters Dealership, A-29 Super Tucano Samaritan’s Purse is officially moving its historic Douglas DC-8 cargo jet into re>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC