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Honeywell Says Layoffs Show Higher Efficiency

Editor's Note: This article was originally published on Real Money at 1:07 p.m. on June 22.

Honeywell International (HON) is apparently laying off people in its aerospace division because it is too efficient.

"When you look at the layoffs and furloughs ... a lot of that is being driven by just better and better efficiency within our aerospace business," said CEO David Cote in a conference call Friday.

Real Money confirmed Tuesday that the company is implementing a small reduction of positions in...


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