Tuesday, August 25, 2009

ALL IS NOT WELL AT HONEYWELL, ACCENTURE

HONEYWELL has announced that it's employees will have to take a mandatory 10 days off in december -january without pay,and ACCENTURE  has just issued  a statement that it will lay off 7% of it's senior executive workforce. the technology sector in general is still some way from a recovery. most companies around the world have tightened their tech budgets.honeywell which makes products like aviation electronics,car turbochargers and temprature control systems for buildings has been hit badly by the global recession  in all the key businesses it supports. in the second quarter ended june 30, it,s profit plummeted to 38% and revenue dropping 22% behind...

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