Honeywell 2004 Annual Report Download - page 74
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In 2004, we recognized repositioning charges totaling $116 million primarily for severance costs related to workforce reductions
of 2,272 manufacturing and administrative positions across all of our reportable segments. Also, $28 million of previously established
accruals, primarily for severance, were returned to income in 2004, due to fewer employee separations than originally planned
associated with certain prior repositioning actions, resulting in reduced severance liabilities principally in our Automation and Control
Solutions reportable segment.
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