Carrier to automate some plant jobs saved by Trump

President-elect Donald Trump's deal with air conditioning company Carrier traded the manufacturer millions of dollars in special tax incentives in exchange for maintaining factory jobs in Indiana, but it also led the company to automate some of those very positions to cut costs. "We're going to make a $16 million investment in that factory in Indianapolis to automate, to drive the cost down so that we can continue to be competitive," said Greg Hayes, the CEO of Carrier's parent company. "Is it as cheap as moving to Mexico with lower-cost labor? No. But we will make that plant competitive just because we'll make the capital investments there. But what that ultimately means is there will be fewer jobs." Trump claimed the deal would save roughly 1,100 jobs, but the actual number looks to be closer to 800, not including any lost to future automation.

Source: CNN Money, CNBC