United Technologies to keep ~1,000 Carrier jobs in Indiana

|About: United Technologies Corpora... (UTX)|By:, SA News Editor

United Technologies (NYSE:UTX) says it has reached an agreement with the incoming Trump administration that will keep nearly 1,000 jobs at the Carrier plant in Indiana.

Under a deal negotiated by Vice President-elect Pence and UTX CEO Greg Hayes, the company will now keep in Indiana most of the ~1,400 jobs that had been planned to move to Mexico.

The terms of the deal are not yet clear, but CNBC reports that new incentives were offered by the state of Indiana, where Pence is governor, that helped clear a path for the agreement.