Trump Reaches Deal To Keep 1,000 Carrier Jobs In The U.S.

Tyler Durden's picture

Nine months ago the video of a plant-full of American workers getting the news that they were 'fired' due to Carrier International moving its air-conditioning plant from Indiana to Mexico went viral and became a meme for Trump's "America First" plans. Today, according to CNBC's David Faber, the Trump team and United Technologies have reached an agreement on keeping close to 1,000 factory jobs at the Carrier plant in Indiana.

As a reminder, this is what happened in February when United Technologies decided to reinforce both of these trends all at once, when the company announced it would be eliminating 1,400 jobs at a Carrier plant in Indianapolis in favor of hiring some new "foreign-born" employees - only these "foreign-born" workers will be hired in Mexico.

"Two Indiana plants that make products for the heating, ventilating and air conditioning industry are shifting their manufacturing operations to Mexico, which will cost about 2,100 workers their jobs," The Indianapolis Star reports.

 

"Carrier is shuttering its manufacturing facility on Indianapolis' west side, eliminating about 1,400 jobs during the next three years [and] United Technologies Electronic Controls said that it will move its Huntington manufacturing operations to a new plant in Mexico, costing the northeastern Indiana city 700 jobs by 2018."

Watch below as 1,000 soon-to-be Donald Trump voters react to the announcement:

Trump frequently railed against the move and pledged to force Carrier to keep its jobs in the U.S. while on the campaign trail.

"Here's what's going to happen," Trump told a crowd in Indianapolis in April. "I'll get a call from the head of Carrier and he'll say, 'Mr. President, we've decided to stay in the United States. That's what's going to happen -- 100 percent."

And now, as CNBC's David Faber reports, Trump appears to have been right.

More from the NYT:

On Thursday, Mr. Trump and Mike Pence, Indiana’s governor and the vice-president elect, plan to appear at Carrier’s Indianapolis plant to announce they’ve struck a deal with the company to keep a majority of the jobs in the state, according to officials with the transition team as well as Carrier.

 

Mr. Trump will be hard-pressed to alter the economic forces that have hammered the Rust Belt for decades, but forcing Carrier and its parent company, United Technologies, to reverse course is a powerful tactical strike that will rally his base even before he takes office.

 

In exchange for keeping the factory running in Indianapolis, Mr. Trump and Mr. Pence are expected to reiterate their campaign pledges to be friendlier to business by easing regulations and overhauling the corporate tax code. In addition, Mr. Trump is expected to tone down his rhetoric threatening 35 percent tariffs on companies like Carrier that shift production south of the border.

On its behalf, Carrier announced on Twitter shortly after the announcement that it was "pleased to have reached a deal with President-elect Trump & VP-elect Pence to keep close to 1,000 jobs in Indy." We expect more companies to follow in these anti-offshoring footsteps.

We expect more details of the deal tomorrow but as The NY Times reports, roughly 10 percent of United Technologies’ $56 billion in revenues comes from the federal government, with the Pentagon its single largest customer. Its Pratt & Whitney division, for example, supplies the engines for the Air Force’s most advanced fighters and host of other planes. So perhaps some quid pro quo.

On the heels of the reported 'deal' with Ford, it seem president-elect Trump is starting to make good on some promises (but we can't help but wonder why President Obama did not do these things?)

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rockstone's picture

They'll all be down to where you work later in the week. If they're a little late be paitent, traffic is a bitch this time of year.

Pinto Currency's picture

UTX workers get 1,000 jobs - Goldman Sachs gets Treasury?

IridiumRebel's picture

What do you expect? Trump taking a flame thrower to the Eccles building?
It is what it is. Mnuchin helped him get elected. Pence helped him get elected. There will be good and bad.

Escrava Isaura's picture

Article: Deal terms to keep Carrier jobs in Indiana include new INDUCEMENTS from STATE. 

Uhmm.

 

 

The Saint's picture
The Saint (not verified) Escrava Isaura Nov 29, 2016 9:03 PM

Tump isn't even sworn in yet and he's already created more jobs than Obama did in 8 years! LOL

 

Escrava Isaura's picture

Talking about fake news…..If opinions could be considered news.

 

847328_3527's picture

"So I don't have to learn Spanish after all..."

Whew!

Thank you Donald!

NoDebt's picture

Tomorrow's NYT headline:  Trump forces over 1000 back to work, denying them chance to spend more time with their families.

 

runswithscissors's picture

Did we say Indiana? Oh no...we meant India...

Shocker's picture

Already moving in the right direction

Layoff List: http://www.dailyjobcuts.com
-

froze25's picture

Obama didn't do this because Obama's masters don't give a shit about US jobs so neither did Obama. 

Save_America1st's picture

 Copy and paste this from below to all your Libtard "friends" and family and see what they come back atchya with:

 

Gee...seems like good things are already happening.   This could have been a slam dunk for the O-Traitor-In-Chief if he wasn't a commie scumbag...but he can't even sink a jump shot from 12 feet away after 20 tries, so this is not a big surprise that Trump took care of things before he has even been sworn in!

 

Brick House Obamy:

https://www.youtube.com/watch?v=4IjDqm-JHrA

So Fuck You, O-Bamy and Hitlery too!  Bitchez!

Trump Reaches Deal To Keep 1,000 Carrier Jobs In The U.S.

http://www.zerohedge.com/news/2016-11-29/trump-utx-agree-deal-save-1000-jobs-indiana-carrier-plant

Never had a real job...never played a real sport.  Can't do shit after 8 years except add 10 Trillion to the deficit and destroy all business and employment in America.

Still want that re-count, Bitchez????

Nah, I didn't think so.  Boom!!!!

 

weevauer's picture

I'm so sorry you're so full of hate. 

edotabin's picture

Yeah, hate is generally not a good thing but it is better than hate that is disguised as love

IridiumRebel's picture

"Diana? Yeah I've been in Diana. I grabbed her by the pussy. Next I'll be India wife, the slut."

The Don

cheka's picture

what are the terms of the 'deal'?  sticking it to taxpayers?  smells of same bailout stench of a few years ago

TheMeatTrapper's picture

No, the deal includes commitments to CUT GOVERNMENT REGULATIONS. Get used to it. Instead of government sticking it to the taxpayers, government will get off the back of businesses. That must really piss people like you off.

Transformer's picture

" (but we can't help but wonder why President Obama did not do these things?)"

It's very simple.  Obama works for somebody else.  Trump works for us.

gladih8r's picture

CNN will claim that HIllary thought of it first thus she should get credit for it. 

What they won't mention is that when she did think of it it was only to laugh at all the poor saps who will be out of a job soon.

balolalo's picture

awww.   isn't that cute.   a small government funding victory while trump, goldman, and the gang, gang-rape billions/trillions out the system.  

gee.  didn't we just have 8 years, no wait 16, no wait 24, ah fuck it..., decades of the same shit. 

the public (including the trumpkins) is soooo easily fooled.

fbazzrea's picture

we'll have to wait and see what President Trump does once he's in office before passing judgment on his new Secretary of Treasury selection. i admit i was initially disappointed but one thing for sure, if knowing your enemy is the pathway to victory, Mnuchen is well qualified to lead the charge. i dunno... but i'm going to trust DT until he proves unworthy. for now, he has my benefit of the doubt.

weevauer's picture

grew up with the donald in my face as a kid on NY tv. you can give him the benefit of the doubt, but you'll see. 

fbazzrea's picture

not my thumbs down, but yes, we'll all see. 

i was unaware Mnuchen was the producer for Avatar. imo, that's a positive. 

DT and Mnuchen might just surprise you. i'm optimistic. not about avoiding the impending crash already baked in, but perhaps regaining control of our nation's money. *fingers crossed*

TheMeatTrapper's picture

Another stream of unconciousness bs with zero facts to support it. You're quite good at spewing it.

GFY-daily's picture

Holy shit that is funny. I approve of this message.

 

Vatican_cameo's picture

 

"Tomorrow's NYT headline:  Trump forces over 1000 back to work, denying them chance to spend more time with their families."

More like "Trump steals 1000 jobs from Starving Mexican families to further his own Political Agenda".

cheka's picture

these bailouts are NOT what was promised.  import tariff or continue to get bled out by nyc.  with tariff revenue reduce income taxes on WAGES (and not capital gains)

sun tzu's picture

Don't forget racist Trump oppresses poor brown people by taking away their jobs. 

glenlloyd's picture

So if I go get a really deep dark tan I can claim trump took away my job? Cuz I'm brown now?

As someone else said it looks like Trump is doing more for job creation even before he's inaugurated president than the existing one did in 8 years...

TheMeatTrapper's picture

It's called a "hate job" - one that goes to an American citizen instead of an illegal.

nmewn's picture

lol...it never hurts to know a little bit tho, different languages do give insight into understanding, not sure if they have a word for "insight" ;-)

Lets Buy The Dip's picture

you are right. I agree, when trump got in, but this guy accuratly called TRUMP getting, in and the market RALLYING and made some Massive profits. See here =>http://www.bit.ly/2fveiJH he called it very accurately. 

trumpy boy is already renegging on some of this shit he was saying and his polocies. 

I think he will not do what he says,b ut this one TRADE deal he is standing hard on. WHich I think is good. Its going to make people shit their pants, and also make his EGO the size of a dinosaur penis. But his ego is already very big. 

glenlloyd's picture

So he's not even in yet an you're claiming he's breaking his promises?

I would wait until after the inauguration and then if he fails to follow through call him on the carpet about it then. I wouldn't call him out now and I wouldn't bet that he's not going to live up to what he said.

If you want to calm the waters after a disastrous Dem election you do exactly what he's doing, you make waves by doing positive things, you build consensus and you rebuild trust and bring the population together, and then once you have the big support you drain the swamp.

You all are acting like he's done and he's not even President yet, give it a rest, what happens after he's in office is what really matters.

 

cheech_wizard's picture

Looks like Trump just made Romney eat crow judging by the look on Romney's face.

Standard Disclaimer: I'm just shit-posting.

Oliver Klozoff's picture

I'd wager ol' mit will be joining you, man that cracked me up!

He looked like he just had swallowed something nasty.

cheech_wizard's picture
Hacer de los Estados Unidos gran nuevo?
Chris Dakota's picture
Chris Dakota (not verified) 847328_3527 Nov 30, 2016 12:45 AM

Trump said the Carrier workers followed him from rally to rally.

Don't forget us.

hxc's picture

and Escrava doesn't have to learn english! cuz none of us give a shit what he says anyway

nmewn's picture

Well no, thats actually "jobs saved or created", instead of just making some inane claim backed by 700 billion debt dollars.

Escrava Isaura's picture

You want to see jobs?

Well, you need population growth and debt, forever. There’s no way around it.

 

nmewn's picture

You advocating for both or what?

Billy the Poet's picture

He just wants everyone to slit their own throats out of despair.

ACES FULL's picture

Escrava is so sure society will collapse at any moment that she? lives in Vichy DC. Now thats how you prepare for TEOTWAWKI.

sun tzu's picture

Escrava is likely a government employee sucking off the tits of productive people. The parasites to be the angriest at this moment. You have government employees, crony corporations, and welfare slugs bleeding the workers dry.

Escrava Isaura's picture

Product People?

Obviously that you don’t understand how the three links work, because one depends on the other, not mattering one’s level of ignorance or if one like it or nothing.

The three main sectors of the economy are:

Primary sector – extraction of raw materials – mining, fishing and agriculture.

Secondary / manufacturing sector – concerned with producing finished goods, e.g. factories making toys, cars, food, and clothes.

Service / ‘tertiary’ sector –  concerned with offering intangible goods and services to consumers. This includes retail, tourism, banking, entertainment and  I.T. services.

A primitive economy will primarily be based on the primary sector – with most people employed in agriculture and the production of food.

As an economy develops, improved technology enables less labour to be needed in the primary sector and allows more workers to produce manufactured goods. Further development enables the growth of the service sector and leisure activities.

The primary sector is sometimes known as the extraction sector.

The secondary (manufacturing) takes raw materials and combines them to produce a higher value added finished product.

The service sector is concerned with the intangible aspect of offering services to consumers and business.

http://www.economicshelp.org/blog/12436/concepts/sectors-economy/

 

Escrava Isaura's picture

nmewn,

What I advocate is irrelevant. The problem is with the Conservatives ideology that blocks you of seeing the obvious. “Wealth is a flow. Spent it must be to produce future wealth.”Frederick Soddy, 1921. We’re organic beings so growth is built on our genes. And our reproductive (sex) gene made it to entice to do so.

But, growth in a finite planet is unsustainable. So, stop complaining and enjoy what we have now because it’s an anomaly. Once the oil is gone, we’ll be living just like all the other species, meaning, in constant search for water and food.

 

 

TheMeatTrapper's picture

People were alleviated from the hunter gatherer lifestyle long before cars were invented. Your premise is factually wrong.