Just until they figure out what the hell is going on.
Companies Plow Ahead With Moves to Mexico, Despite Trump’s Pressure
INDIANAPOLIS—President Donald Trump boosted the hopes of employees at Rexnord Corp.’s factory here in December when he castigated the company for “viciously firing” workers and planning to move their jobs to Mexico.
Two months later, Rexnord is still planning to close the industrial-bearings factory, which employs about 350 people, despite Mr. Trump’s shaming and his earlier intervention to stop a nearby Carrier Corp. furnace factory...
Rexnord says moving the plant to Mexico is part of a plan to save $30 million annually. Workers say they have been packing up machines while their replacements, visiting from Mexico, learn how to do their jobs.
“That’s a real kick in the *** to be asked to train your replacement,” said machinist Tim Mathis, who has worked at Rexnord for 12 years. “To train the man that’s going to eat your bread.”
Milwaukee-based Rexnord is one of many companies plowing ahead with plans to invest in Mexico despite Mr. Trump’s vows to cajole companies into keeping their assembly lines in the U.S. Some, including heavy-equipment maker Caterpillar Inc. and steelmaker Nucor Corp., are overseen by officials who belong to a panel advising Mr. Trump on manufacturing policy. Executives at Peoria, Ill.-based Caterpillar are moving ahead with a restructuring that includes shifting jobs from a Joliet, Ill., factory to Monterrey, Mexico. “We’re just going to have to wait and see how this plays,” Caterpillar Chief Financial Officer Brad Halverson said in a January interview, referring to potential Trump-era shifts in trade policy.
A Caterpillar spokeswoman said the company has been reducing its workforce world-wide to stay viable “in the longest downturn in our 92-year history.”
Charlotte, N.C.-based Nucor is moving forward with Japan’s JFE Steel to build a new plant in Mexico to make steel for car makers.
https://www.wsj.com/articles/rexnor...xico-plans-despite-trumps-pressure-1486555201
Companies Plow Ahead With Moves to Mexico, Despite Trump’s Pressure
INDIANAPOLIS—President Donald Trump boosted the hopes of employees at Rexnord Corp.’s factory here in December when he castigated the company for “viciously firing” workers and planning to move their jobs to Mexico.
Two months later, Rexnord is still planning to close the industrial-bearings factory, which employs about 350 people, despite Mr. Trump’s shaming and his earlier intervention to stop a nearby Carrier Corp. furnace factory...
Rexnord says moving the plant to Mexico is part of a plan to save $30 million annually. Workers say they have been packing up machines while their replacements, visiting from Mexico, learn how to do their jobs.
“That’s a real kick in the *** to be asked to train your replacement,” said machinist Tim Mathis, who has worked at Rexnord for 12 years. “To train the man that’s going to eat your bread.”
Milwaukee-based Rexnord is one of many companies plowing ahead with plans to invest in Mexico despite Mr. Trump’s vows to cajole companies into keeping their assembly lines in the U.S. Some, including heavy-equipment maker Caterpillar Inc. and steelmaker Nucor Corp., are overseen by officials who belong to a panel advising Mr. Trump on manufacturing policy. Executives at Peoria, Ill.-based Caterpillar are moving ahead with a restructuring that includes shifting jobs from a Joliet, Ill., factory to Monterrey, Mexico. “We’re just going to have to wait and see how this plays,” Caterpillar Chief Financial Officer Brad Halverson said in a January interview, referring to potential Trump-era shifts in trade policy.
A Caterpillar spokeswoman said the company has been reducing its workforce world-wide to stay viable “in the longest downturn in our 92-year history.”
Charlotte, N.C.-based Nucor is moving forward with Japan’s JFE Steel to build a new plant in Mexico to make steel for car makers.
https://www.wsj.com/articles/rexnor...xico-plans-despite-trumps-pressure-1486555201
