Carrier plant that reached deal with Trump laying off hundreds

Carrier plant that reached deal with Trump laying off hundreds

Carrier plant that reached deal with Trump laying off hundreds

Layoffs began Thursday at the Carrier factory in Indianapolis, where previous year President-elect Donald Trump celebrated a deal to save jobs from moving to Mexico.

Carrier noted that the transition will impact approximately 600 Indianapolis jobs over the next several months, but added that the impacted employees will have an opportunity for employment across UTC's manufacturing operations.

"This week, approximately 300 employees will leave Carrier as part of the previously announced plan to relocate fan coil manufacturing production lines", Carrier said in a statement.

A company spokesman says Carrier plans to serve lunch for the departing workers.

In an April 2016 speech, president-elect Donald J. Trump said "If I were in office right now, Carrier would not be leaving in".

Carrier's corporate parent, UTC, announced in June it would be hiring 25,000 people in the USA over the next three years. One Indiana nonprofit has sued the state for details about how the agreement was negotiated.

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The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . Macquarie added ISCA to its research portfolio giving it an initial rating of "Outperform" and setting a price target of $41.00.

However, Carrier also said it continues to honor its 2016 commitment to employ approximately 1,100 associates in Indianapolis.

Exiting workers are getting a week's pay for every year they worked, plus six months of health insurance under a deal with the union.

Robert James is president of the United Steelworkers local representing Carrier workers.

Some have also applied for what's called Trade Adjustment Assistance - a federal benefit for people whose jobs are affected by global trade.

The positions will be shifted to Mexico, where workers are paid in a day what the Rust Belt employees make in an hour.

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