Trump, UTX Agree On Deal To Save 1000 Jobs At Indiana Carrier Plant
by Tyler Durden
Nov 29, 2016 7:37
Nine months ago the video of a plant-full of American workers getting the news that they were 'fired' due to Carrier International moving its air-conditioning plant from Indiana to Mexico went viral and became a meme for Trump's "America First" plans. Today, according to CNBC's David Faber, the Trump administration and United Technologies have reached an agreement on keeping close to 1,000 factory jobs at the Carrier plant in Indiana.
As a reminder, this is what happened in February when United Technologies decided to reinforce both of these trends all at once, when the company announced it would be eliminating 1,400 jobs at a Carrier plant in Indianapolis in favor of hiring some new "foreign-born" employees - only these "foreign-born" workers will be hired in Mexico.
ADVERTISING
"Two Indiana plants that make products for the heating, ventilating and air conditioning industry are shifting their manufacturing operations to Mexico, which will cost about 2,100 workers their jobs," The Indianapolis Star reports.
"Carrier is shuttering its manufacturing facility on Indianapolis' west side, eliminating about 1,400 jobs during the next three years [and] United Technologies Electronic Controls said that it will move its Huntington manufacturing operations to a new plant in Mexico, costing the northeastern Indiana city 700 jobs by 2018."
Watch below as 1,000 soon-to-be Donald Trump voters react to the announcement:
And now, as CNBC's David Faber reports...
We expect more details of the deal tomorrow but as The NY Times reports, roughly 10 percent of United Technologies’ $56 billion in revenues comes from the federal government, with the Pentagon its single largest customer. Its Pratt & Whitney division, for example, supplies the engines for the Air Force’s most advanced fighters and host of other planes. So perhaps some quid pro quo.
On the heels of the reported 'deal' with Ford, it seem president-elect Trump is starting to make good on some promises (but we can't help but wonder why President Obama did not do these things?)
by Tyler Durden
Nov 29, 2016 7:37
Nine months ago the video of a plant-full of American workers getting the news that they were 'fired' due to Carrier International moving its air-conditioning plant from Indiana to Mexico went viral and became a meme for Trump's "America First" plans. Today, according to CNBC's David Faber, the Trump administration and United Technologies have reached an agreement on keeping close to 1,000 factory jobs at the Carrier plant in Indiana.
As a reminder, this is what happened in February when United Technologies decided to reinforce both of these trends all at once, when the company announced it would be eliminating 1,400 jobs at a Carrier plant in Indianapolis in favor of hiring some new "foreign-born" employees - only these "foreign-born" workers will be hired in Mexico.
ADVERTISING
"Two Indiana plants that make products for the heating, ventilating and air conditioning industry are shifting their manufacturing operations to Mexico, which will cost about 2,100 workers their jobs," The Indianapolis Star reports.
"Carrier is shuttering its manufacturing facility on Indianapolis' west side, eliminating about 1,400 jobs during the next three years [and] United Technologies Electronic Controls said that it will move its Huntington manufacturing operations to a new plant in Mexico, costing the northeastern Indiana city 700 jobs by 2018."
Watch below as 1,000 soon-to-be Donald Trump voters react to the announcement:
And now, as CNBC's David Faber reports...
We expect more details of the deal tomorrow but as The NY Times reports, roughly 10 percent of United Technologies’ $56 billion in revenues comes from the federal government, with the Pentagon its single largest customer. Its Pratt & Whitney division, for example, supplies the engines for the Air Force’s most advanced fighters and host of other planes. So perhaps some quid pro quo.
On the heels of the reported 'deal' with Ford, it seem president-elect Trump is starting to make good on some promises (but we can't help but wonder why President Obama did not do these things?)
