United Technologies Corporation Statement - Setting the Record Straight Regarding Carrier Jobs

FARMINGTON, Conn., June 27, 2017 /PRNewswire/ -- In response to recent inaccurate reports regarding United Technologies Corporation's (NYSE: UTX) Carrier Indianapolis manufacturing facility, we would like to set the record straight.

UTC continues to honor its November 2016 agreement with the incoming Trump administration. As announced at that time, the company is committed to continuing to employ approximately 1,100 people in our Indianapolis facility, of which more than 800 will continue to support our world-class gas furnace manufacturing center, with 300 headquarters and engineering jobs.

As previously announced, Carrier is designating its Indianapolis manufacturing facility as a Center of Excellence for gas furnace production, with a commitment to invest $16 million in the facility.

As also previously announced, Carrier is moving forward with plans to relocate fan coil manufacturing production lines, which impacts approximately 600 Indianapolis jobs between now and the end of the year. The impacted employees will have an opportunity for employment across UTC's manufacturing operations.

Impacted employees will receive enhanced severance packages and access to our Employee Scholar Program, which pays for four full years of education to develop new skills in a field of their choice.

Over the next three years, UTC expects to hire nearly 25,000 people in the U.S., of which more than 5,000 new positions will be created in support of our innovative new products.

UTC is dedicated to investing in and creating U.S. jobs in growing areas of manufacturing in commercial buildings and aerospace.

About United Technologies Corporation
United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the building and aerospace industries. By combining a passion for science with precision engineering, the company is creating smart, sustainable solutions the world needs. To learn more about UTC, visit the website or follow the company on Twitter: @UTC

    Contact:                    Bradley Akubuiro, UTC

                                (860) 338-6456

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SOURCE United Technologies Corp.