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That's not what's going on here, though
Posted on: November 30, 2016 at 07:59:33 CT
pickle MU
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"While Carrier will forfeit some $65 million a year in savings the move was supposed to generate, that’s a small price to pay to avoid the public relations damage from moving the jobs as well as a possible threat to United Technologies’ far-larger military contracting business.
Roughly 10 percent of United Technologies’ $56 billion in revenue comes from the federal government; the Pentagon is its single largest customer. With $4 billion in profit last year, the company has the flexibility to find the savings elsewhere.
Members of Congress have been pressing to punish big military contractors if they move jobs outside the United States."
Regardless, this is not something to celebrate.
Edited by pickle at 08:00:01 on 11/30/16
Roughly 10 percent of United Technologies’ $56 billion in revenue comes from the federal government; the Pentagon is its single largest customer. With $4 billion in profit last year, the company has the flexibility to find the savings elsewhere.
Members of Congress have been pressing to punish big military contractors if they move jobs outside the United States."
Regardless, this is not something to celebrate.
Edited by pickle at 08:00:01 on 11/30/16
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That's not what's going on here, though - pickle MU - 11/30 07:59:33