Connect With Us

Inside INdiana Business
Subscribe Now Log In
  • Home
  • News
    • Education
    • Health
    • Tech
    • STEM
    • Advanced Manufacturing & Logistics
    • Life Sciences
    • Ag INnovation
    • INPower
  • Videos
  • Big Wigs
    • Submit Big Wigs
  • Events
    • Engage Southwest Indiana – Evansville
    • Engage Northwest Indiana – Valparaiso
    • Engage Greater Lafayette – West Lafayette
    • Engage West Central Indiana – Terre Haute
    • Engage South Bend – Elkhart
    • Engage Northeast Indiana – Fort Wayne
    • Engage Central Indiana – Indianapolis
  • Newsletters
  • Podcasts
  • On-Air
    • TV & Radio Listings
  • Contact
    • About IIB
    • Meet the Team
    • Contact Us
    • Advertise
    • Gift Cards
    • Flagship Stations
    • Gerry’s Message
    • Speaking Engagement Request

Connect With Us

Carrier Details Indy Layoffs

Monday, May 22, 2017 01:11 PM EDT Updated: Monday, May 22, 2017 01:19 PM EDT
By Alex Brown
Carrier Details Indy Layoffs Some 1

Carrier Corp. says it will begin the layoff process for more than 630 employees in Indianapolis this summer. The layoffs are coming despite the company’s commitment to keep more than 1,000 jobs in the city, 800 of which were previously slated to be outsourced to Mexico.

In a notice to the state, Carrier says the employees are part of its fan coil production operations, which is being relocated to Mexico. The affected positions were never included in the deal orchestrated by President Donald Trump in late November. The company says the layoffs are expected to be permanent.

"This action follows a thorough evaluation of our manufacturing operations and is intended to address the challenges the business faces in a rapidly changing industry," Carrier said in the notice.

The layoffs are expected to begin July 20 with 338 employees losing their jobs. Four more are slated to be let go on October 1, followed by 290 layoffs on December 22.

United Steelworkers Local 1999 said in December more than 500 jobs would still move to Mexico even after Carrier agreed to invest $16 million into the Indianapolis facility. In March, the Indiana Economic Development Corp. approved $7 million in incentives for Carrier as a result of the investment.

You can read Carrier’s WARN notice below:

Story Continues Below

Most Popular Stories

  • Indiana hospitals among best for maternity care

  • Vanderburgh commissioners to vote on rezoning for disputed Love’s Travel Stop

  • Factors in determining your company’s value

  • OpenLane to expand Canadian presence with $95M acquisition

  • Q&A with co-owners of Patoka Lake Marina and Winery

  • Armstrong named next CEO of Child Advocates

Perspectives

Factors in determining your company’s value

Factors in determining your company’s value

Determining the right asking price is crucial for a successful sale. An accurate valuation of your business requires considering multiple factors, such as financial performance, assets, intellectual property, customer base, and market share. Careful analysis of your business's unique attributes and the current market landscape can aid in setting a competitive and realistic asking price. Here are some key points to consider regarding the influence of market pricing on the timing of a company sale....

Inside INdiana Business

Inside INdiana Business
A division of IBJ Media

1 Monument Circle, Suite 300
Indianapolis, IN 46204

PHONE: (317) 634-6200

FAX: (317) 263-5060

NEWSLETTER@IIBNEWS.COM

  • Home
  • News
  • Videos
  • Gerry Dick
  • Newsletters
  • On-Air
  • Contact

Copyright © 2023 All Rights Reserved Privacy Policy | Terms of Service