UTC CEO says keeping Indiana plant open 'good deal'

By REUTERS
December 6, 2016 00:44

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

WASHINGTON - United Technologies Corp's chief executive told CNBC the company got a "good deal" with President-elect Donald Trump that allowed it to shift most jobs at two Indiana plants to Mexico.

Greg Hayes is chief executive of the parent company of Carrier Corp, which announced plans in February to close two Indiana plants and send 2,100 jobs to Mexico. Carrier agreed last week to keep its Indianapolis plant open and keep about 1,100 jobs in the state, including 800 at the plant, but close its Huntington, Indiana plant. "We keep the plant open, we keep 1,100 people employed in Indianapolis. We still get to do the preponderance of the restructuring, which we were going to do anyways," Hayes told CNBC, calling it a "a good deal for UTC."



Related Content

Breaking news
August 14, 2018
Italy motorway bridge collapses over Genoa, 'dozens' feared dead

By REUTERS