CHARLOTTE, N.C. — Honeywell International Inc. has laid off at least 9,929 people worldwide in its repositioning in the wake of the recession from the COVID-19 pandemic. That is about an 8.8% reduction in what had been a 113,000 person workforce at the beginning of the year. And the company plans more cost cutting before the year ends, although details are not available.
CEO Darius Admaczyck, while declining to discuss specific numbers in an earnings call with analysts today, said Honeywell’s Aerosopace segment was the hardest hit. He said layoffs in that division, which employed about 40,000 at the beginning of the year, were approaching 10% of the workforce. But, again, he declined to give specific numbers.
And he noted, “In some of the other businesses, we’re adding head count, so it’s a little bit all over the place.” The company’s businesses that produce masks, eye protection and other personal protective equipment for medical services are growing particularly well, and its Honeywell Intelligrated automated warehouse systems business also showed substantial growth in the second quarter.
And Adamczyck told analysts Honeywell remains in the market for acquisitions to expand growing businesses in its highly diversified conglomerate.
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Cox Media Group
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