Rexnord Corp Defies Trump; Finalizes Plans To Shut Down US Plant And Move To Mexico
Rexnord Corp. is finalizing its plans to close a manufacturing plant in Indianapolis and move jobs to Mexico, according to a notice filed with the state of Indiana.
Milwaukee-based Rexnord (NYSE: RXN) filed a WARN notice, stating “Rexnord will close down its manufacturing plant located at 7601 Rockville Road, Indianapolis, Indiana 46214. The reduction in operations will result in the permanent layoff and termination of employees at the facility… The closure is expected to be permanent.”
The number of jobs being lost is estimated at about 300, but the notice did not state the exact number of employees being terminated. Layoffs will begin Feb. 13, the notice said.
A Rexnord spokesperson said the company reached a “mutual and final agreement” with United Steelworkers Local 1999 “regarding the relocation of our Indianapolis manufacturing operations.” Relocation is expected to be completed between April and June, the company said (see the full statement from Rexnord below).
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