Latest
Recommended
Published: Wed, December 07, 2016
Economy | By Melissa Porter

Trump takes on another Mexico-bound Indiana manufacturer

Trump takes on another Mexico-bound Indiana manufacturer

It now says it will keep 850 of the jobs in IN, and move 300 to North Carolina. The numbers are a bit different from last week's big announcement.

IN officials agreed to $7 million in state tax breaks over 10 years in exchange for Carrier's decision to keep the jobs.

He also predicted that Carrier sales will skyrocket over the next six months. "Non-stop media. It's been a wild, wild week", Bray said. But what's worse, the Carrier deal sends a bad message to other companies in IN like TRW or Rexnord who've also announced pending closures: Trump's plan to make the U.S. more competitive will be negotiated one company at a time. So this isn't about USA workers losing their jobs to robots, as we are so often told.

"No more!" Trump said in a Friday night Twitter post. "It seemed like since Thursday, it was 1,100 then it was maybe 900 and then now we're at 700".

"If I lost, would you have picked up the phone", Trump asked Hayes.

Union workers got a letter at the plant saying Trump's deal with Carrier will save only 730 factory jobs in Indianapolis, plus 70 salaried positions - 553 jobs in the plant's fan coil lines are still moving to Monterrey, Mexico.

Backlash for the deal was swift, even as some Carrier workers called it a relief.

Trump said that "they're not going to leave this country", but Carrier is still moving over half of their jobs in IN to Mexico. Bernie Sanders for his efforts in "keeping this issue on the front burner".

Hector Castillo-Olivares, mayor of Santa Catarina, Mexico, where the Carrier jobs were originally headed, told VOA he was not concerned about the company's change of plans.

He followed up with Carrier and made a deal that saved hundreds of jobs.

But the president-elect also sent a message to every large US corporation that wants taxpayer-funded incentives, which is to say all of them: Threaten to leave the USA and the administration will rush to the negotiating table.

President Obama did nothing to save jobs in the past eight years. Seniority will decide who's in and who's out.

James says the affected members include anyone hired after February of 2005. "We got to do something.' And I said, "Because we just can't let it happen". "They want to pay people nothing and they want to profit everything".

A central theme of Trump's campaign - one that appealed to many voters of both parties - was his insistence that he would end the export of U.S.jobs, especially to Mexico. The arrangement was brokered largely with the help of Vice President-elect Mike Pence, also Indiana's governor. But Ip pointed out that "we don't see much evidence in the long run that those kinds of tactics make much of a difference when the economics of production are pushing in the other direction".

One of Donald Trump's many campaign promises was that he would be a good president for the economy.

Trump is used to negotiating agreements, particularly over tax incentives, but he is normally taking the goodies rather than doling them out. Those discussions will continue over the next few weeks.

"I'm appreciative of President-elect Trump getting involved and saving 730 of our members' jobs".

Like this: