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.”