Honeywell Internal Email Shows Airplane Boom Time Over, More Layoffs Coming

July 18, 2016

by Mike ‘Mish’ Shedlock
Mish Talk

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:

Continue Reading at MishTalk.com…

ALL CONTENT ON 'FINANCIALSURVIVALNETWORK.COM' IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. 'FINANCIALSURVIVALNETWORK.COM' ASSUMES ALL INFORMATION TO BE TRUTHFUL AND RELIABLE; HOWEVER, THE CONTENT ON THIS SITE IS PROVIDED WITHOUT ANY WARRANTY, EXPRESS OR IMPLIED. NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, COMMODITIES, OPTIONS, BONDS, PRECIOUS METALS, OR FUTURES. ACTIONS YOU UNDERTAKE AS A CONSEQUENCE OF ANY ANALYSIS, OPINION OR ADVERTISEMENT ON THIS SITE ARE YOUR SOLE RESPONSIBILITY. THANK YOU.