The parent of Carrier Corp. has announced details of an agreement with United Steel Workers Local 1999 on severance packages for future displaced workers in Indianapolis. Earlier this year, Connecticut-based United Technologies Corp. (NYSE: UTX) announced it will cut approximately 1,400 jobs as a result of moving manufacturing operations from Marion County to Mexico.
In a statement, the manufacturer says the agreement includes a one-time payment, severance pay, continuation of medical benefits for six months, continued access to Carrier’s Employee Scholar Program for four years, reimbursement of technical training costs and eligibility for a monthly performance bonus program until the separation date.
The two sides have agreed to extend the labor contract until operations at the facility have ended.
The statement says:
Carrier recognizes the impact on employees, their families and the community. We appreciate their hard work and are pleased to have worked with the USW to provide certainty through a comprehensive benefits package designed to help ease the transition.
Just days after UTC’s February announcement that it was pulling manufacturing operations from the Carrier plant in Indianapolis and the United Technologies Electronic Controls facility in Huntington, the parent company detailed an agreement for UTEC employees with the International Brotherhood of Electrical Workers. The provisions were similar to those reached this week with the USW.