Carrier To Keep Jobs In US

[running_coach]

About those Carrier jobs in Indianapolis.(Second headline down the page)

The president-elect’s move to save 1,100 jobs at a Carrier furnace plant in Indiana has been a political winner, even if it has raised concerns among economists on the left and the right.

Now the chief executive of United Technologies, Carrier’s parent company, says in the end, many of those jobs (he put the figure at 800) likely will fall to automation rather than Mexico.

Good show, Cheeto. Indiana voters are helping to fund automation.

[scr4]

Didn’t Obama cancel a replacement program for the Marine One helicopters citing a cost overrun?

[k9bfriender]

@scr4

Didn’t Obama cancel a replacement program for the Marine One helicopters citing a cost overrun?

Yeah, we talked about that already. Just two posts back, in fact.

[slash2k]

Quoting from transcript of interview between Greg Hayes, CEO of United Technologies, and CNBC’s Jim Cramer:

GREG HAYES: Right. Well, and again, if you think about what we talked about last week, we’re going to make a $16 million investment in that factory in Indianapolis to automate to drive the cost down so that we can continue to be competitive. Now is it as cheap as moving to Mexico with lower cost of labor? No. But we will make that plant competitive just because we’ll make the capital investments there.

JIM CRAMER: Right.

GREG HAYES: But what that ultimately means is there will be fewer jobs.

Source

In other words, the eventual outcome is many, perhaps most, of the 800 whose jobs were “saved” are going to be drawing unemployment anyway.

[running_coach]

@slash2k

Quoting from transcript of interview between Greg Hayes, CEO of United Technologies, and CNBC’s Jim Cramer:

Source

In other words, the eventual outcome is many, perhaps most, of the 800 whose jobs were “saved” are going to be drawing unemployment anyway.

Trump got royally taken on this. Not only will Carrier still save the labor costs they planned on with the move, they now will get 7 million to offset some of the cost of automation.

The Art Of The Deal. [old rolleyes]

[Nawth_Chucka]

@running_coach

Trump got royally taken on this. Not only will Carrier still save the labor costs they planned on with the move, they now will get 7 million to offset some of the cost of automation.

The Art Of The Deal. [old rolleyes]

To be taken he would have had to believe the facts of the deal in the first place. I’m sure he understood Carrier to be speaking euphemistically since that’s what HE does when he wants to make people feel better. Liars expect to be lied to.

[CairoCarol]

I’m curious to hear analyses from various viewpoints on this new bit of Carrier-related news:

[QUOTE=Carrier to hike prices on furnaces and air conditioners]
Carrier is raising the prices of its air conditioners and furnaces by up to 5%.
The company actually announced its plans to customers on Nov. 23, a week before it reached a deal with President-elect Donald Trump to keep 800 jobs at an Indianapolis furnace plant instead of moving them to Mexico. The price increase gained more attention this week in the wake of that deal.
[/QUOTE]

If the price hike came in the wake of the deal to keep 800 jobs in the US, I would automatically interpret this as fall-out from the deal (I mentioned higher prices for consumers as one of my concerns if companies are strong-armed into staying in the US when it would be cheaper to produce elsewhere). Yet, if I read this correctly, the price hike would have occurred no matter what.

I have no idea if this is at all relevant to the discussion. Perhaps Carrier’s competitors are also raising prices, due to some increase input cost that affects all of them? I dunno.

[ric62]

I was thinking what Quicksilver said- see if those jobs are still there in a year or two or if they silently moved south.

[PastTense]

Updating this thread:

In May of this year, Carrier announced its time line for eliminating what will ultimately be six hundred and thirty-two Indianapolis-based jobs. The first round of layoffs began on Thursday, with the departure of three hundred and thirty-eight employees.

Watching with dismay was Brenda Darlene Battle, a fifty-five-year-old Indianapolis native who’d been working at Carrier for twenty-five years, most recently as a fabrication technician, or fab tech, before she decided to take a buyout this week*. …

“Trump came in there to the factory last December and blew smoke up our asses. He wasn’t gonna save those jobs. And, if that’s the case, he would have saved us and Rexnord, a company around the corner from us that makes parts.
“We had a mix of Trump supporters and Clinton supporters at the factory, I’d say. The ones that really supported him are quiet right now. Some of them got let go yesterday, too.

What the Layoffs Look Like at the Carrier Plant Trump Said He’d Save

[bobot]

Those guys already voted for Trump so he got what he wanted, so it’s cool! MAGA!