Wednesday, December 7, 2016

The manufacturer that Trump convinced to keep 1,000 jobs in the US is raising prices

Less than a week ago, Carrier was persuaded by President-elect Donald Trump to keep about 1,000 jobs in Indiana.

United Technologies Corp., Carrier's parent company, said it is raising prices for its heating, ventilation, and air conditioning equipment by up to 5%, starting January 1. The decision to raise prices was first announced on November 23, the week before the Trump deal was finalized.

Until last week, the manufacturer had planned to move 2,100 jobs to Mexico to cut costs. The move would have saved United Technologies an estimated $65 million a year.

Last Tuesday, Carrier announced it would keep about 1,000 jobs in the US after negotiations with Trump and Vice President-elect Mike Pence, who is currently the governor of Indiana. The deal awarded Carrier $7 million in state tax breaks over 10 years.

The manufacturer said its decision to raise prices was unrelated to the Carrier's decision to keep some jobs in Indianapolis....
http://www.businessinsider.com/carrier-raises-prices-after-trump-deal-2016-12

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