Texas Border Business
“Companies Plow Ahead With Moves to Mexico, Despite Trump’s Pressure,” by WSJ’s Andrew Tangel in 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 from closing.
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.” http://on.wsj.com/2lrbn38