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Corporate / Securities Law

Johnson Controls plans "cost reduction initiatives"

Full story: The York Daily Record

Johnson Controls, Inc. said this week it plans "cost reduction initiatives" across all major divisions, including workforce reductions and plant consolidations, according to a filing with the Securities and ...

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Dorothy

York, PA

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#1
Sep 5, 2008
 
But Fortune said the building efficiency cuts would be "here and there, nothing major."

I guess that means he won't lose his job.
Reality Check

Rochester, NY

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#3
Sep 8, 2008
 
"cost reduction initiatives"....hmmmm. That almost always means layoffs, as they are the easiest way to cut costs and artificially inflate the "bottom line" of a company.
wisernow

AOL

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#4
Saturday Nov 14
 
God help you in York PA. York International used to be a great company to work for but not JCI.
Yorklady

AOL

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#5
Wednesday Dec 2
 
JCI cares nothing about York International. They are ruining it. They've got a bunch of idiots trying to run it. The auto side of JC knows nothing about air conditioning & heating. Mark my work, it's just a matter of time before York is no more!
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