Carrier Statement Regarding Indianapolis Operations - July 19, 2017

INDIANAPOLIS, July 19, 2017 /PRNewswire/ -- Carrier continues to honor its 2016 commitment to employ approximately 1,100 associates in Indianapolis. As announced in November, this includes headquarters and engineering jobs and more than 800 employees supporting our world-class gas furnace manufacturing center.

This week, approximately 300 employees will leave Carrier as part of the previously announced plan to relocate fan coil manufacturing production lines. These team members include more than 30 associates who have chosen to take advantage of the company's Employee Scholar Program and pursue degree programs. In addition to reimbursing four-year education costs, Carrier will also reimburse technical training costs for those who prefer to pursue a vocational technical certification program. All team members will also receive a one-time payment, severance pay and six months of medical insurance continuation beyond separation.

As previously announced, in total, this transition will impact approximately 600 Indianapolis jobs over the next several months. The impacted employees will have an opportunity for employment across UTC's manufacturing operations.

United Technologies, parent company to Carrier, announced in June that over the next three years it 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 the company's innovative new products.

Media can refer to the updated United Technologies statement of June 27 for additional information.

About Carrier
Founded by the inventor of modern air conditioning, Carrier is a world leader in high-technology heating, air-conditioning and refrigeration solutions. Carrier experts provide sustainable solutions, integrating energy-efficient products, building controls and energy services for residential, commercial, retail, transport and food service customers. Carrier is a part of UTC Climate, Controls & Security, a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide. For more information, visit www.carrier.com or follow @Carrier on Twitter.

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SOURCE Carrier Corp.