Trane has also added a new production line (Line B) that has shortened their production times and provided more capacity, thereby enhancing efficiency and flexibility. In addition, they have returned to powder painting top panels, a more durable finish, which will also result in additional stability in their workforce numbers.
The City’s retention incentive shall not exceed $192,500. The incentive will be credited to the utility bill of Trane/Ingersoll Rand over four years in four annual equal installments of $48,125 each, beginning with calendar year 2014. The incentive is contingent upon Trane/Ingersoll Rand attaining the specified job retention requirements, including retention of 55 regular full-time jobs valued at $61,920 per job (including benefits). The incentive will only be credited if Trane/Ingersoll Rand retains these jobs throughout the term of the agreement without a net reduction in total jobs. The anticipated job retention includes the following positions:
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