Thread regarding Honeywell International Inc. layoffs

Where’s the match?

DA said it was increasing but no email came out telling us when it was gonna happen and no mention of it in the town hall summary. What’s the deal?

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Very confusing message from Darius Adamczyk. Here's the math:

6% of 8% = 75% match of $1.00 (current rate)

7% of 8% - 87.5% match of $1.00 (new rate)

The message should had been "We are increasing the match on Retirement Investment from 75% to 87.5% per $1.00".

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The match is already at 8% of pay. What the idiot was trying to say is they aren't increasing the money per dollar you put in. Today you put in $1 of your pay and company puts in 65 ot 75 cents. What he is doing is increasing that to some higher amount like 80 ot 85 cents. Problem is it used to be matched with a full $1. A 100% match on your first 8% of pay. So we still aren't back to 2009 levels.

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Take the 401K match up from 6% to 7%. He said it at the very beginning of the town hall. If you weren't there on time, you missed it.

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I missed that in the town hall. Match what?

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"trust us", it's coming. In order to achieve this 1% increase though, HON will RIF 1% of the employees each month. This way dairyass gets his bonus, the shareholders get theirs and wall street is happy. The 1% who are let go are actually the winners in this scenario

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My guess, probably kick in start of April, when raises normally kick in.

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Didn't say which year.

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