Skip to content
Back to Guavy Wire
Stocks

Honeywell Workers Ballot for Strike Action Over Pension Cuts

Instruments
HON
Share

Honeywell workers in County Durham and Lancashire are being balloted for strike action over pension concerns. Approximately 320 employees at Honeywell sites in Billingham and Stockton-on-Tees, as well as in Clitheroe, will vote on strikes following cuts to their pension schemes. According to Unite, the UK's leading union, employees were assured of a 'broadly comparable' pension plan when Honeywell acquired Johnson Matthey Catalyst Technologies in July.

However, workers are expected to experience a nine per cent drop in employer pension contributions and reduced death in service cover with Honeywell. Unite general secretary Sharon Graham expressed strong opposition, stating: “These workers were lied to, plain and simple.”

Honeywell's clients, including major companies such as BP, Shell, thyssenkrupp, and DG Fuels, may face shortages of vital chemical products if strikes occur.

More on Stocks

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc