Textron - Aging company, many budget cuts and layoffs | Glassdoor
There are newer employer reviews for Textron
There are newer employer reviews for Textron

See Most Recent

Helpful (1)

"Aging company, many budget cuts and layoffs"

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Anonymous Employee in Wilmington, MA
Former Employee - Anonymous Employee in Wilmington, MA
Approves of CEO

Pros

Textron has some better divisions, but usually gives fair compensation, time off from work and many people don't have to work too hard. Some departments are filled with good people

Cons

Frequent layoffs, lots of hierarchy, aging buildings, some are required to work weekends. Some departments are filled with bad people

Advice to Management

Have more cross functional training, bring in some fresh blood, make employees more excited about the company. Needs some flair.

Other Employee Reviews for Textron

  1. "Textron places a large gap between management and hourly employees."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Quality Auditor in Wilmington, OH
    Former Employee - Quality Auditor in Wilmington, OH
    Doesn't Recommend
    No opinion of CEO

    Pros

    The medical benefits were very good and there was a retirement plan that was fair. It was a union shop which gave better security, at least while it was still in operation.

    Cons

    The last few years they quit matching stock options. We went through 5 plant managers in 4 years before the doors closed in 2009. Textron needs to focus more on just the bottom dollar.

    Advice to Management

    Too many chiefs make for a confusing operation. Promoting within the company makes for better relations.


  2. Helpful (3)

    "Misleading entry promises, failed expectations and finally total betrayal."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Software Engineer in Charleston, SC
    Former Employee - Senior Software Engineer in Charleston, SC
    Doesn't Recommend
    Disapproves of CEO

    Pros

    The people and employees of Textron are friendly, kind and generally nice to be around. They are understanding if you have a problem and willing to help if they can. It is a very nice place to come to work. The company is very cognizant of work environment and does this well. Mistakes are tolerated and re-mediated.

    Cons

    - Advancement in technical rates is poor, growth is zero. The performance evaluation procedure is a complete waste of time. The human resources employees are outsourced and do not work for Textron.
    - Excessively process oriented, to the point where it is difficult to accomplish daily tasks.
    - Middle management is a class on its own, most of them never did any actual work.
    - Poor performers are impossible to get rid of.
    - Salary is not market competitive for experience.
    - Layoffs are handled poorly.
    - Two layers of management has become the norm, an 'administrative' and a technical lead. This means dual the meetings and dual the wasted time.

    Advice to Management

    - Allow employees in danger of layoff to relocate or at least apply for positions elsewhere.
    - Eliminate about 3 layers of management.
    - Create a balance between technical and financial.
    - Localize the purchasing and accounting.
    - Train engineers in business accounting and explain how the system works.
    - Get rid of bonuses for senior executives, if the company is laying off or raises are frozen.
    - Integrate the OU's better. One company / one rule should be the mandate, not just a goal. AAI and Overwatch should not have two different personnel policies.


There are newer employer reviews for Textron
There are newer employer reviews for Textron

See Most Recent

Work at Textron? Share Your Experiences

Textron
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or