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Carrier president: Expecting more growth in '16

Posted at 6:01 PM, Mar 10, 2016

INDIANAPOLIS -- While United Technologies moves ahead with plans to relocate 1,400 Indianapolis jobs to Mexico, it told investors Thursday it's expecting even more growth this year from its heating and cooling division.

The company, which owns Carrier, says it has invested $100 million in new products.

The talk of growth is one reason union leaders were hoping to convince Carrier of keeping the 1,400 jobs in Indy. But United Technologies made it clear it is focused on a workforce that's less expensive.

"We've shifted an abundant footprint of our manufacturing to relative lower-cost countries, about two-thirds," said Carrier President Bob McDonough. "Still some opportunities there."

Listen to McDonough's full speech to investors below:

McDonough told investors his number-one priority is growth.

Sen. Joe Donnelly (D-Indiana) pointed to McDonough's statements as proof the company was not moving jobs to Mexico because of federal regulations.

“United Technologies’ decision to move Hoosier jobs to Mexico was based on chasing cheap wages," Donnelly said. "You don’t need to take my word for it—listen to what company executive Bob McDonough told investors today. If it’s not clear what McDonough meant when he said, ‘still there’s some opportunity there,’ he’s saying United Technologies isn’t done shipping American jobs overseas.”

FULL CARRIER COVERAGE | Hogsett calls on Carrier to return $1.2M within 30 days Union president: 'We're not going away quietly' | Carrier employees protest move at statehouse| Pence on Carrier meeting: 'I don't want to create any false hope for people' Moving to Mexico: What you need to know about Monterrey, Mexico  | Moving to Mexico: On the ground in Monterrey, Mexico, where Carrier is moving  Trump weights in on Carrier relocation to Mexico  | Carrier: Company did not receive $5M in federal stimulus funds  | President of United Steelworkers Union: No hope of saving 1,400 jobs  | Carrier employees, local businesses reel after announcement of move to Mexico  | WATCH: Employees react to news that Carrier is moving from Indy to Mexico  | Pence to review Carrier's plans to move to Mexico  | TRUMP: Carrier should be taxed for their goods after move to Mexico  | Hogsett, Donnelly meet with Carrier workers  | City, state stepping in to help Carrier employees | Indiana leaders ask Carrier for a meeting to try to keep the plant, jobs in the state


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