Honeywell’s leadership team announced today that it will be closing its Honeywell Networks corporate headquarters, which employs more than 5,000 people in the U.S. and around the world.
The announcement comes as the company faces a $9 billion lawsuit alleging that its network management practices caused the outage of tens of thousands of customers.
“We are deeply saddened to announce that we will be ending our business operations in the next three months, and we will begin to seek other opportunities for our employees,” Honeywell CEO Bill Honeywell said in a statement.
“Honeywell Networks is a leader in providing the world’s largest and most robust network, which provides the best of both worlds for our customers.
The team here at Honeywell has a proven track record of success in leading their business.
I want to thank them for their service to the company and the many customers they serve.”
The move comes amid heightened scrutiny over Honeywell, which has faced accusations that it misled customers about the state of its network and caused network disruptions.
The company has been under federal investigation for its role in the 2010 data breach at Equifax, in which nearly 143 million consumer and credit-card data was stolen from tens of millions of people, including some who weren’t even members of the company’s customer-service teams.
Honeywell also faces a lawsuit alleging it misappropriated customer information.
The lawsuits allege that the company knew it was selling customer information to third parties, but it continued to sell the information.
The company has also been sued for the failure of its workers to properly prepare the company for the data breach.
The closures are part of a broader reorganization at the company, which will include hiring more staff and cutting costs.
Honeyfield Networks will continue to operate under a different management team, Honeywell says.