Carrier has announced on twitter Tuesday they have reached a deal with President-elect Donald Trump to keep at least 1,000 jobs in Indiana.
In February, the air-conditioning behemoth announced to all 1,400 of their employees that they were moving to Mexico and letting go 1,400 employees and it was caught on film. This was due largely to Obama’s new EPA regulation on HCFC-22 or R- 22, a refrigerant used in existing air conditioners that made it nearly impossible for the company to operate here and turn a profit.
Another reason for their decision to leave was the trade benefit they would get, birthing larger profits to manufacture in Mexico, and then shipping and selling their air-conditioners to the US. This tax hole in bad trade deals allowing this was stemmed from the North American Free Trade Act (NAFTA) which was signed by Bill Clinton in 1993.
Donald Trump met with Carrier Execs during the Thanksgiving holiday to hash out his deal. A mere few days after meeting with the new President-elect, Carrier has announced their decision.
We are pleased to have reached a deal with President-elect Trump & VP-elect Pence to keep close to 1,000 jobs in Indy. More details soon.
— Carrier (@Carrier) November 30, 2016
On Thanksgiving-eve, both Trump and Carrier tweeted about the meeting. Trump said that he will be going to Indiana Thursday to make a group announcement with Carrier.