Wednesday, February 10, 2016
Carrier Closing Indianapolis Plant, Moving 1,400 Jobs To Mexico
This is a major economic blow to Indianapolis' struggling manufacturing sector. One of the City's largest employers, Carrier, announced it's closing its manufacturing facility on Indianapolis' west side, eliminating 1,400 jobs. The layoffs will begin in 2017 and be spread over three years according to the Indianapolis Star. Carrier's president of HVAC systems, Chris Nelson, says the move is part of the "continued migration of the HVAC industry to Mexico, including our suppliers and competitors, and ongoing cost and pricing pressures driven, in part, by new regulatory requirements." Let me guess that more than a few of these workers at this Carrier plant who are about to lose their jobs will be casting ballots for Donald Trump this year.
Carrier is also closing its facility in Huntington and moving it to Mexico, putting another 700 Hoosiers out of work.
UPDATE: Also, Fishers gains two new corporate headquarters at Indianapolis' expense. Stanley Security is moving 300 jobs to a new headquarters in Fishers. Braden Business Systems is also relocating from Indianapolis to Fishers and adding more jobs. Both the Indiana Economic Development Corporation and Fishers are offering incentives to the companies to relocate. So we're now providing incentives to poach businesses to relocate from one city to another. Smart economic development practices, eh?