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Honeywell CEO Kapur Completes Spinoffs, Shrinks Charlotte Footprint

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Honeywell’s CEO Vimal Kapur has completed spinoffs of the company’s aerospace and speciality chemicals businesses, leaving the remaining group less than half the size of the Charlotte operation it began building in 2019. The firm now employs about 1,100 people in Charlotte, above a 615 pledge. Kapur retained the industrial technology centerpiece as customers cite skilled labor shortages.

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