The fear of losing a job to foreign competition is a concern for many people.
In today’s economic uncertainty, those with steady employment realize just how quickly it could be taken away.
When an executive at Carrier Air Conditioners in Indianapolis called for a meeting with its 1,400 employees to make an announcement, one employee decided to use his phone to capture it on video.
An executive for Carrier told the employees the decision had been made to move the plant from the U.S. to Mexico.
In the announcement, the executive said, “It became clear that the best way to stay competitive and protect the business for long term is to move production from our facility in Indianapolis to Monterrey, Mexico.”
He also said, “This is an extremely difficult decision. It was made most difficult because I understand it will have an impact on all of you, your families and the community.”
Further along in the speech, he said, “This is strictly a business decision.”
The employee’s reactions varied from disbelief to anger. On several occasions during the speech, the representative had to ask the crowd to quieten down so that others would be able to hear.
Carrier said the move is subject to discussions with local union representatives. Eligible employees will be entitled to severance benefits, including access to the company’s Employee Scholar Program, which pays for tuition, books and fees at accredited higher education institutions.
Carrier is a subsidiary of United Technologies. The company’s income for 2015 was $7.6 billion.
Themove was brought about in an effort to save the company money in an extremely price sensitive marketplace.
Indianapolis Mayor Joe Hogsett said in a statement, “Today’s surprise announcement was without warning and incredibly disappointing.”
h/t: Indianapolis Star