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4731-18 A Resolution to support Honeywell Retirees
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4731-18 A Resolution to support Honeywell Retirees
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8/17/2018 10:39:57 AM
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8/17/2018 10:39:56 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
8/13/2018
Ord-Res Number
4731-18
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�$OU " <br /> 0 0 <br /> � x <br /> PEACE / <br /> 1865 <br /> Whereas, Honeywell collected $1.7 billion in 2017 profit, and takes advantage of <br /> the new tax law to bring back $7 billion in offshore cash;-it is true hope that our to <br /> its history as a good corporate citizen, Honeywell will always consider people <br /> over profit; and <br /> Whereas, Honeywell, while eliminating promised health care coverage to its <br /> retirees deployed nearly $950 million in the first quarter for stock buybacks to <br /> boost shareholder profit instead of making good on its commitment to its retirees' <br /> health care. <br /> Now, therefore, be it resolved, by the Common Council of the City of South <br /> Bend, Indiana, as follows: <br /> Section I. The South Bend Common Council respectfully requests that <br /> Representative Walorski, Senator Donnelly, Senator Young, and Vice President <br /> Mike Pence call on President Trump to exercise his power and influence to <br /> encourage federal contractor Honeywell to: (1) Stop the offshoring of South Bend <br /> area jobs; and 2) live up to its obligation to its employees, past and current, <br /> particularly in regard to health care benefits. <br /> Section II. The South Bend Common Council additionally asks that in <br /> consideration of future contracts and contract renewals, President Trump take into <br /> consideration the actions of Honeywell with respect to its commitments to the <br /> people of our community. <br /> Section III. This resolution shall be enacted upon the passage of the South Bend <br /> Common Council and signed by the Mayor of South Bend, Indiana. <br /> Tim Scott, ' At <br /> South Bend Common Council <br />
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