Honeywell Reaches Settlement On Former Stratford, CT Facility.Business Editors
MORRIS TOWNSHIP There are several places named Morris Township in the United States:
Honeywell (NYSE NYSE
See: New York Stock Exchange : HON) said today that it is pleased that it has reached a settlement of all issues involving approximately 500 former workers at the former Stratford Army engine plant.
Honeywell has attempted to resolve the issues related to the closure of the Stratford Army Engine facility for the last five years. In 1997, the company made an offer that was comparable to the agreement reached yesterday and continued to make similar attempts to resolve this matter with the union over the intervening years.
Honeywell worked with Connecticut Congressional, State, local and union officials in an attempt to keep the facility open when the BRAC Brač (bräch), Ital. Brazza, island (1991 pop. 13,824), 152 sq mi (394 sq km), off the Dalmatian coast in the Adriatic Sea, Croatia. It is a popular summer resort and tourist spot. Supetar (Ital. decided to the close the facility in 1995, but without U.S. Army financial support, the company could not operate the plant at a competitive business level. At that point, a decision was made to close the facility. The union and the NLRB opted to pursue their challenge to that decision in court, rejecting all offers of settlement that would have provided severance packages to employees at the time of the plant closing. Honeywell is glad to provide former Stratford employees with the benefits that the Company had offered from the outset.
In 1995, Honeywell (then AlliedSignal) was operating the Army owned facility when the Federal Base Realignment re·a·lign
tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns
1. To put back into proper order or alignment.
2. To make new groupings of or working arrangements between. and Closing Commission mandated that the Army plant be closed.
Honeywell believes that the settlement is in the best interests of both the former Stratford employees and the company.
Honeywell is a US$24-billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; specialty chemicals; fibers; plastics; and electronic and advanced materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, . Honeywell employs approximately 108,000 people in 95 countries and is traded on the New York Stock Exchange New York Stock Exchange (NYSE)
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