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United Technologies Corporation Statement - Setting the Record Straight Regarding Carrier Jobs

*Additional information added July 18

FARMINGTON, Conn., June 27, 2017 (Updated July 18, 2017) – In response to recent inaccurate reports regarding United Technologies Corporation’s (NYSE: UTX) Carrier Indianapolis manufacturing facility, we would like to set the record straight.

UTC continues to honor its November 2016 agreement with the incoming Trump administration.  As announced at that time, the company is committed to continuing to employ approximately 1,100 people in our Indianapolis facility, of which more than 800 will continue to support our world-class gas furnace manufacturing center, with 300 headquarters and engineering jobs.

As previously announced, Carrier is designating its Indianapolis manufacturing facility as a Center of Excellence for gas furnace production, with a commitment to invest $16 million in the facility.

As also previously announced, Carrier is moving forward with plans to relocate fan coil manufacturing production lines, which impacts approximately 600 Indianapolis jobs between now and the end of the year. The impacted employees will have an opportunity for employment across UTC’s manufacturing operations.

Impacted employees will receive enhanced severance packages and access to our Employee Scholar Program, which pays for four full years of education to develop new skills in a field of their choice.

UTC anticipates hiring nearly 25,000 people in the U.S. by the end of 2019.  More than 5,000 of these jobs will be new positions created to support our growth and innovation strategies. In addition to its investment in hiring, UTC also supports the jobs of many U.S. suppliers, having spent nearly $40 billion with these suppliers over the last three years, including more than $1 billion in Indiana alone.*

UTC is dedicated to investing in and creating U.S. jobs in growing areas of manufacturing in commercial buildings and aerospace.                                                                                                                     

About United Technologies Corporation

United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the building and aerospace industries.  By combining a passion for science with precision engineering, the company is creating smart, sustainable solutions the world needs. To learn more about UTC, visit the website or follow the company on Twitter: @UTC 

Contact:

Bradley Akubuiro, UTC
(860) 338-6456