INDIANAPOLIS -- Indianapolis Mayor Joe Hogsett announced the "Your Money Plan" Monday morning in an effort to provide more help to the Carrier workers who will begin losing their jobs next year.
The program offers free financial services and workshops surrounding 401ks and severance packages in partnership with Pete the Planner, a longtime financial guru serving the Indianapolis area.
Ironically enough, Pete installed Carrier products in high school.
"Imagine losing your income, and this doesn't sound like a lot of pressure, but having thousands of dollars potentially come your way through severance. More resources don't always mean you're more resourceful," Pete said at a news conference announcing the program Monday.
"We cannot allow one company's wrong-headed business decisions to negatively impact the long-term financial well-being of an entire community," Mayor Hogsett said.
The announcement was made at Carrier's local union hall.
Job losses are scheduled to begin next year and continue through 2019.
FULL CARRIER COVERAGE: DOCUMENTARY SERIES: Moving to Mexico with 1,400 of Indy's lost jobs | Jilted workers get first look at Carrier's offer | TIMELINE: Carrier to ship 1,400 jobs from Indiana to Mexico | Trump made money off of Carrier in 2015 | Carrier president: More growth expected in '16 |Ex-Carrier employee sentenced for embezzlement | Carrier pay in Mexico questioned | Carrier refutes offer of $5.85/hour for workers to stay in Indy | Coats, Donnelly have 'disappointing' meeting with Carrier execs | Sen. Donnelly: Carrier never cited federal regulations as reason for move | 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
