Carrier Parent Looks to ‘Set The Record Straight’
In late November
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe parent of Carrier Corp. says it is looking to clear up some confusion about its plans for its Indianapolis manufacturing facility. Connecticut-based United Technologies Corp. (NYSE: UTX) says there have been inaccurate reports about the facility and the jobs associated with it.
In November, then President-elect Donald Trump traveled to Indianapolis to announce a deal to keep the Indy plant open and maintain 800 jobs. An additional 300 jobs, mostly corporate and engineering positions, were never going to Mexico. UTC says it continues to honor that agreement, as well as a planned $16 million investment in that facility.
In March, the Indiana Economic Development Corp. approved $7 million in tax incentives as a result of the investment, which it said would make the facility a Center of Excellence for gas furnace production.
Last month, Carrier gave notice to the state that it would in July begin the layoff process for more than 630 employees that were not part of last year’s announcement. Those employees are part of Carrier’s fan coil manufacturing production line. The cuts are expected to wrap up by the end of the year.
The company says the employees affected by the layoffs will receive enhanced severance packages and access to a company education payment program. You can view UTC’s full statement below:
In response to recent inaccurate reports regarding United Technologies Corporation’s (NYSE: UTX) Carrier Indianapolis manufacturing facility, we would like to set the record straight.
UTC continues to honor its November 2016 agreement with the incoming Trump administration. As announced at that time, the company is committed to continuing to employ approximately 1,100 people in our Indianapolis facility, of which more than 800 will continue to support our world-class gas furnace manufacturing center, with 300 headquarters and engineering jobs.
As previously announced, Carrier is designating its Indianapolis manufacturing facility as a Center of Excellence for gas furnace production, with a commitment to invest $16 million in the facility.
As also previously announced, Carrier is moving forward with plans to relocate fan coil manufacturing production lines, which impacts approximately 600 Indianapolis jobs between now and the end of the year. The impacted employees will have an opportunity for employment across UTC’s manufacturing operations.
Impacted employees will receive enhanced severance packages and access to our Employee Scholar Program, which pays for four full years of education to develop new skills in a field of their choice.
Over the next three years, UTC expects to hire nearly 25,000 people in the U.S., of which more than 5,000 new positions will be created in support of our innovative new products.
UTC is dedicated to investing in and creating U.S. jobs in growing areas of manufacturing in commercial buildings and aerospace.