by Mike ‘Mish’ Shedlock
A Mish reader who works at Honeywell informed me last week that a huge slowdown was coming in the aerospace/aircraft business.
I now have the internal memo from Tim Mahoney, Chief Executive Officer of Honeywell Aerospace, with comments from the reader who went through a similar layoff and forced furlough situation last November as well.
Obviously, things have not improved.
Honeywell Employee “HE” writes: