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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCarrier to ultimately cut some of jobs Trump saved
It sounded like great news when Carrier said last week that it would invest millions in the Indiana plant it decided to keep in the U.S.The company's deal with President-elect Donald Trump to keep a furnace plant from moving to Mexico also calls for a $16 million investment in the facility.
But that has a big down side for some of the workers in Indianapolis.
Most of that money will be invested in automation said to Greg Hayes, CEO of United Technologies, Carrier's corporate parent. And that automation will replace some of the jobs that were just saved.
"We're going to...automate to drive the cost down so that we can continue to be competitive," he said on an interview on CNBC earlier this week. "Is it as cheap as moving to Mexico with lower cost labor? No. But we will make that plant competitive just because we'll make the capital investments there. But what that ultimately means is there will be fewer jobs."
But that has a big down side for some of the workers in Indianapolis.
Most of that money will be invested in automation said to Greg Hayes, CEO of United Technologies, Carrier's corporate parent. And that automation will replace some of the jobs that were just saved.
"We're going to...automate to drive the cost down so that we can continue to be competitive," he said on an interview on CNBC earlier this week. "Is it as cheap as moving to Mexico with lower cost labor? No. But we will make that plant competitive just because we'll make the capital investments there. But what that ultimately means is there will be fewer jobs."
http://money.cnn.com/2016/12/08/news/companies/carrier-jobs-automation/index.html
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Carrier to ultimately cut some of jobs Trump saved (Original Post)
spanone
Dec 2016
OP
Wellstone ruled
(34,661 posts)1. Bait and switch.
First of all,this was planned months ago as photo Op,and when dealing with Trump,collateral damage of anyone who is not on his favorites list,will get hurt. What we have seen here will be repeated many times over.
This all is going to end very ugly I fear .
safeinOhio
(32,726 posts)2. Continue to competitive......
So CEOs get really big comp and we can buy back lots more stock. Some grease might trickle down to the robots.
WhiteTara
(29,722 posts)3. They weren't saved they were bought and paid for
by the taxpayers of Indiana. A poor investment in my opinion.
Beartracks
(12,821 posts)4. Put "saved" in quotes.
Arkansas Granny
(31,532 posts)5. It was all for show. DT would make a great carnival barker.