Honeywell Says In 2023, Had Gross Repositioning Charges Of $342M, Including $162M Related To Workforce Reductions Of 5,854 Positions
Portfolio Pulse from Benzinga Newsdesk
Honeywell reported gross repositioning charges of $342M for 2023, including $162M for workforce reductions of 5,854 positions, according to an SEC filing.
February 16, 2024 | 6:51 pm
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Honeywell incurred $342M in repositioning charges in 2023, with $162M allocated to workforce reductions of 5,854 positions.
The significant repositioning charges and workforce reductions indicate a restructuring effort by Honeywell, which could lead to short-term investor concerns about the company's operational efficiency and financial health. This news is likely to negatively impact investor sentiment and potentially the stock price in the short term.
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