Trump rebukes Rexnord again for moving jobs to Mexico

WASHINGTON (Reuters) - President Donald Trump took aim again on Sunday at Rexnord Corp (NYSE: RXN) 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 normal business hours.

Trump, who campaigned on the promise to put American workers first, has tweeted at other companies that attracted his ire - including Lockheed Martin (NYSE: LMT) in December for the high cost of the F-35 fighter jet program, General Motors Co (NYSE: GM) in January for its manufacturing in Mexico, and retailer Nordstrom (NYSE: JWN) in February for dropping his daughter Ivanka's clothing line.

(Reporting by Diane Bartz; Editing by Peter Cooney)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• US automaker stocks fall after Trump announces Canada tariff hike
• Wall Street opens lower as high-stakes Iran, inflation tests loom
• Trump administration moves to impose more than $100,000 fee for H-1B worker visas