Trump rebukes Rexnord again for moving jobs to Mexico [Reuters]
Rexnord Corporation (RXN)
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phx.corporate-ir.net/phoenix.zhtml?c=202367&p=irol-irhome
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Source: Reuters
U.S. President Donald Trump at JFK International Airport in New York, U.S. May 4, 2017. REUTERS/Jonathan Ernst WASHINGTON President Donald Trump took aim again on Sunday at Rexnord Corp ( RXN.N ) for the industrial supplier's decision to move jobs to Mexico from Indiana. Milwaukee-based Rexnord announced plans in October to move a bearing plant and its 300 jobs from Indianapolis, employees told the Indianapolis Star at the time. "Rexnord of Indiana made a deal during the Obama Administration to move to Mexico. Fired their employees," Trump tweeted on Sunday. The Republican president also tweeted in December about Rexnord's decision, saying he would stop jobs from being lost to countries with lower labor costs. "No more!" he tweeted at the time. Rexnord did not immediately respond to a telephone call on Sunday seeking comment outside of norm
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