The city of Indianapolis has received a $355,000 federal grant to help support about 1,400 workers displaced by Carrier Corp. The grant will be used to hire a “recovery coordinator.”
Carrier Corp. and United Steelworkers Local 1999 have agreed on a severance package for 1,400 employees who will be displaced when the company moves operations from Indianapolis to Mexico.
It’s been an applause line for Donald Trump throughout his presidential campaign, and he came back to the topic several times during his speech at the Indiana State Fairgrounds.
The money recovered from Carrier Corp. and its parent firm equals the amount the city provided in tax incentives in 2011. The company also has returned $380,000 to the state.
That’s less than 1 percent of United Technologies Corp.’s annual revenue in the heating and air conditioning section of its business, according to the Indiana Economic Development Corp.
A former accounting manager at Carrier Corp. in Indianapolis has been sentenced to federal prison for embezzling more than $1.2 million from the company, U.S. Attorney Josh Minkler announced Wednesday.
The Indianapolis HVAC plant had taken numerous steps to improve efficiency, but they weren't enough to overcome the labor savings that go with shifting the work to Mexico.
Trump, a frequent critic of trade deals, twice referred to Carrier as he discussed trade and jobs at a Republican presidential debate Saturday night in South Carolina.
Are federal regulations to blame? Gov. Mike Pence says yes. Sen. Joe Donnelly says no. And in a now-viral video, a Carrier official tells employees the move to Mexico makes it cheaper to produce its products.
Indiana economic development officials say they will seek to recapture some of the $530,000 in incentives taxpayers have given United Technologies Corp. and its subsidiary Carrier Corp., which combined will lay off 2,100 people in Indiana and send the jobs south of the border.
The task force will focus immediately on identifying existing resources for workers and developing a “tool kit” to ensure those workers know about their options.
Job losses in Carrier Corp.’s local manufacturing operations are expected to begin in 2017 and continue through 2019, the company announced Wednesday. An affiliated company also plans 700 job cuts in northeast Indiana.
Emmis Chairman Jeff Smulyan and his followers have further to travel to reach their goal of turning smartphones into the new-age transistor radio for the masses.
The Indiana Department of Transportation says four-days-per-week passenger rail service between Chicago and Indianapolis has begun under a two-year contract with Amtrak and Iowa Pacific Holdings.
The Indianapolis Airport Authority claims Travelers Property Casualty Co. of America failed to pay it all the money it is owed following a steel-beam collapse during construction of the midfield terminal.
Frontier Airlines, the Denver-based airline owned by Indianapolis-based Republic Airways Holdings, may soon become a legitimate down-market competitor.
The $11 billion deal could well result in the elimination of some overlapping routes the carriers operate out of Indianapolis International Airport. Together, the two airlines have a combined market share of nearly 24 percent in Indianapolis.
Sprint on Tuesday announced a preliminary agreement with radio industry representatives that will enable customers to listen to local FM radio stations on their mobile phones. Emmis CEO Jeff Smulyan was a key negotiator in making the deal.
