Carrier moving Trump jobs to Mexico

Source: Axios
Published: Jun 22, 2017
Author: Alayna Treene
Post Date: 2017-06-22 15:23:08 by Willie Green
Views: 1193

Carrier, the heating and air-conditioning manufacturer, is laying off more than 600 employees from its Indianapolis plant next month, the same plant Trump vowed to keep on American soil, per CNBC. Those manufacturing jobs will go to Mexico, where labor is significantly cheaper.

Why it matters: Trump heralded the November deal as proof he'd live up to his pledge to protect U.S. jobs. And this comes just one day after Ford reversed its promise and shifted jobs to China instead of Mexico.

Refresher on the deal: Trump agreed to give Carrier, a unit of United Technologies, up to $7 million if it continued to employ at least 1,069 people at the facility for 10 years, rather than moving it abroad in search of cheaper labor, as originally planned. Carrier also vowed to invest $16 million into the plant. But just a month after the deal was made, CEO Greg Hayes said the $16 million would be invested in automation.

Poster Comment:

BOHICA

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#1: Pinguinite    To: Willie Green (#0)

A president is not a king or dictator, and it's not like Trump has encouraged companies to go off shore. He certainly hasn't unlike so many others like Bush and Obama. Economic forces based on the US dollar being the reserve currency of the world has been the driving force of offshoring. The US exports easily printed paper money (or far more often, electronic credit money) and gets goods in return. It's a great deal for the US consumer and resisting it is swimming upstream.

Pinguinite posted on 2017-06-22 15:40:59   Reply   Private Reply

#2: misterwhite    To: Willie Green (#0)

Fine. Tack on a 30% tariff to US imports of Carrier products. No big deal.

misterwhite posted on 2017-06-22 16:20:35   Reply   Private Reply

#3: Vicomte13    To: misterwhite (#2)

Fine. Tack on a 30% tariff to US imports of Carrier products. No big deal.

Agree completely.

Vicomte13 posted on 2017-06-22 16:23:27   Reply   Private Reply

#4: Justified    To: Pinguinite, Willie Green, misterwhite, Vicomte13 (#0)

Good. Carrier will go under as the warranty cost out paces profits. CEO will loses is job and carrier will become a third tier company.

Justified posted on 2017-06-22 18:38:22   Reply   Private Reply