Donald Trump took aim Friday at a second U.S. manufacturer that plans to move jobs from Indiana to Mexico, a day after he threatened consequences for business that shifted American jobs abroad.
“Rexnord of Indiana is moving to Mexico and rather viciously firing all of its 300 workers,” Mr. Trump wrote at 10:06 p.m. on Twitter. “This is happening all over our country. No more!”
Rexnord, which is based in Milwaukee, intends to move production of industrial bearings from Indianapolis to Monterrey, Mexico, according to the employee union. The move, expected by the middle of next year, would eliminate about 300 jobs.
The company, which didn’t respond to requests for comment on Thursday, couldn’t immediately be reached late Friday. Shares of Rexnord have tumbled more than 10% from Wednesday’s close.
After criticizing Carrier during his campaign, Mr. Trump on Thursday celebrated a deal with the air conditioner and furnace maker that will keep about 800 jobs in Indiana in exchange for $7 million in tax breaks. Carrier, a unit of United Technologies Corp., still plans to shift 1,300 jobs from Indiana to Mexico.
Every Company just has to threaten to Leave the US,
ReplyDeleteAnd the Government will throw money at them.
This will catch on.
Let them leave and tax the hell out of them.
12:58 how stupid we will all suffer with that plan how about lower the tax rate which will stimulate the economy and jobs the government ends up with more revenue based on growth. No brainer.
ReplyDeleteCan someone tell him about Labinal moving the government work from Salisbury to Texas and then Texas moving the commercial work to Mexico? 800 lost jobs in SBY while Chihuahua building a massive facility.
ReplyDelete