First and foremost, I salute you for your service to our country. I try to always thank in person (in airports, etc.) the real heroes like you but hey, we'll make it a chatboard salute! I have a brother-in-law who just returned from Iraq who is a JAG.
I'm not familiar with the TGP or RLG products (or perhaps I am just not familiar with the acronyms)
I think Honeywell has made admirable attempts to minimize the amount of layoffs through cost reductions in other areas including 401K's, the furlough, etc. What I don't like is that they are not bounding those actions. For example, they had said that the 10% pay-cut would go through Q3. Now it is through Q4. Feels like it's going to become permanent, which means that many will be more willing to look elsewhere (if a job opens) where pay is more commensurate to ability. Economy is tough right now, though, so not a ton of opportunity out there (which Honeywell surely understands and is taking advantage of).
Hopefully things will be looking up by the time you get back, but that depends on whether or not we are successful in killing these attempts at moving swiftly towards socialism/fascism by our current government through Universal Healthcare, Cap-and-Trade and the Employee Unionization Act (to name the most damaging). If these things get through, you can kiss a return to growth and opportunity good-bye... all IMO.
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