United Technologies CEO says Trump deal will yield more automation, fewer jobs

By Business Insider

Dec 06, 2016

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Carrier said last month that it would keep more than 1,000 jobs across two locations in Indiana, following pressure from President-elect Donald Trump. The decision was touted as a win for the incoming president, who had pledged keep the jobs from moving to Mexico.

In a wide-ranging interview with CNBC's "Mad Money with Jim Cramer" that aired Monday, CEO Greg Hayes set out the comparative advantages of moving to jobs to Mexico, the motivation behind his decision to keep those jobs in Indiana, and the ultimate outcome of the deal: There will be fewer manufacturing jobs in Indiana.

Read the full story on businessinsider.com.

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