he said "up to 1100". The 730 plus more new hires and the people who will be employed to upgrade and expand the factory.
As usual our lib members never tell the whole story.
As always our CON$ never tell the truth!
Carrier CEO lets it slip on the Mad Money with Jim Cramer Show that they will be automating the Indiana plant with an $16 million investment which will mean fewer Indiana jobs. Tramp offset that $16 million with $7 million in tax breaks, so Tramp is paying Carrier to replace Indiana workers with machines.
Typical Trumpery!!!!
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.