Honeywell planning (100) job cuts

[UpInArms]

http://www.timesdispatch.com/servlet/Satellite?pagename=RTD%2FMGArticle%2FRTD_BasicArticle&c=MGArticle&cid=1031775819539&path=!business&s=1045855934855

Honeywell International Inc. is cutting jobs at its Richmond- area operations as the company continues to be squeezed by high costs of raw materials and weak demand for nylon carpet fibers.

A Honeywell spokesman confirmed yesterday that the company told local employees last week that it will lay off as many as 100 people, effective June 13.

The cuts will affect hourly employees at the company's Chesterfield County nylon plant on Bermuda Hundred Road. The plant employs about 750 people; about 615 of them are hourly employees, company spokesman Rob Norman said.

"This is a difficult situation, but it is a necessary response to industry conditions that are beyond our control," Norman said yesterday. "When we consider taking actions that negatively impact employees' jobs, we do so only when absolutely necessary."

The Chesterfield plant's major product is nylon fibers for the residential carpet market. The business has struggled because of weak demand from carpet mills and high costs for raw materials such as crude oil.

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and I decided I needed to get some new glasses for mhr :D

[mhr]

1. When 'O When Will It Ever End?

eom

[struggle4progress]

2. kick

:kick: