Please go into more detail. I visited there about 2 years ago, and everyone was smiling and working hard. The bottom must have fallen out - undoubtedly the additional pressures from Solution to try to cover the losses.
The company is so poorly run, that it doesn't surprise me that the only decent plant in the automotive sector of the company has now fallen apart. The Gills have no vision, and seem to have no stomach for letting go of the good ol' boy "leader" who drug Technologies down the toilet.
Even the new group President who was brought in from Honeywell to run Electronics is lost.
Everyone thinks that laying off people is the right solution - short term it is, but what are they doing to solve the long term strategic picture? Test and Measurement, although performing well, is a dying market. As the US heavy truck market goes, so goes Technologies - and it's in the tank. Electronics is relying on a few government contracts, but can't grow it's commercial contract. I don't even want to talk about Datatape - what a dinosaur...
Enough of this one - I've been out since the stock was at $22 about 3 years ago. Keep an eye open once the stock gets to around $4, and a major shakeup is demanded by the shareholders. The board of directors doesn't seem to want to do anything, so it will rely on those of you riding the donkey down the canyon to fix it.