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  1. #1
    Senior Member Judy's Avatar
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    Rexnord employee reacts to Trump’s tweet about company

    Rexnord employee reacts to Trump’s tweet about company

    Posted 11:55 PM, December 3, 2016, by Deanna Allbrittin

    INDIANAPOLIS, Ind. -- After a winning week for many Carrier workers, Rexnord employees are now in the spotlight.

    This tweet from President-elect Donald Trump has workers there wondering about their own jobs.

    “I prayed, ‘God, just give me something to hold on to, some hope,’” said Rexnord worker Brian Bousum. “Then, he tweeted.”

    For Rexnord employee Brian Bousum, this late-night tweet from President-elect Donald Trump was a small sign that left room for uncertainty.

    “He said ‘no more,’” said Bousum. “Does that mean no more after Rexnord? Does it mean he’s going to talk to the CEO Todd Adams? Did he try already? I have no clue.”

    Already Bousum and his coworkers, including his son, watched all week as some of their union brothers and sisters at Carrier celebrated their holiday surprise. About 800 kept their jobs in a tax incentives deal brokered by Trump.

    “The hope is that he’ll do that for us,” said Bousum. “You know, I doubt it, but I’ve got something to hold on to now, since that tweet.”

    Rexnord’s 300 Indianapolis employees are set to start losing their jobs in february.

    Bousum says he applauds Trump’s efforts, but he still thinks those jobs, including his, are likely headed for the border next year.

    “Rexnord has a plan and they’re sticking with the plan,” said Bousum. “And you know, $20 million a quarter ain’t enough. They can make about $4 million more moving to Mexico, so they’re going to do what they have to do to pad their pockets I guess.”

    Bousum acknowledges a tweet isn’t much… but it *is* enough to make a tough time a little easier.

    “It’s just enough to give you a little thread of hope that a miracle can still happen,” said Bousum. “And sometimes that’s all you need to get by another day.”

    We left a message on Rexnord’s communications hotline.

    Right now, it’s still unclear whether Trump is actively trying to save the jobs at Rexnord.

    Clearer though, is that while union workers applaud doing whatever it takes to save jobs, the tax incentives offered to carrier have drawn criticism from politicians along the political spectrum.

    http://fox59.com/2016/12/03/rexnord-...about-company/
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    Senior Member Judy's Avatar
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    Manufacturer Rexnord plans to move 300 high-paying jobs to Mexico

    James Briggs 8:52 p.m. EDT October 14, 2016

    Workers knew something was amiss when the security cameras were installed last weekend.

    When Rexnord Corp. began calling its 295 Indianapolis employees into meetings Friday, their worst suspicions were realized. The Milwaukee industrial supplier announced plans to move its west-side bearings plant's operations to Mexico in April.

    "They put cameras up last weekend, and they told us it was just for security reasons," said Don Zering, a 43-year Rexnord employee and union president. "We think they lied to us. It was because they knew they were going to close the plant" and wanted surveillance in place.

    Union officials learned the news first, starting at 1:30 p.m. Then Rexnord officials told the remaining employees and sent everyone home, clearing the plant. The company cited labor costs.

    "He would not take any questions from anybody," Zering said of Tom Kress, the plant's vice president of operations.

    Rexnord in a statement confirmed it is "tentatively" planning to move its bearings manufacturing work to Monterrey, Mexico. The move would be completed by June. The company added it has "invited the union to join us in an open and frank discussion over this potential relocation and the impact it would have on Rexnord associates and their families."

    Rexnord is at least the third manufacturer this year to signal plans to shift operations from Indiana to Mexico. The company's decision comes eight months after Carrier Corp. said it would shutter its Indianapolis operations by 2019, resulting in 1,400 layoffs. Huntington-based United Technologies Electronic Controls is planning to lay off 700 Indiana workers by 2018 and relocate to Mexico.

    Although the Rexnord plant is relatively small, it pays higher wages than Carrier, said Kelly Hugunin, the local union representative for United Steelworkers Local 1999, which represents employees at both companies. The average wage at the Rexnord plant is about $25, Hugunin said. Carrier employees earn between $14 and $25 per hour.

    Despite Rexnord's statement that the plant closing is up for negotiation, Hugunin said he expects the company's nearly 300 Indianapolis workers to be the victim of "corporate greed."

    Don Zering (left), a 43-year Rexnord employee, stands outside the company's Indianapolis plant after learning Rexnord is tentatively planning to relocate operations to Mexico. Kelly Hugunin, the local representative for United Steelworkers Local 1999, takes a phone call regarding Rexnord.

    Rexnord threatened to close its Indianapolis plant four years ago, Hugunin said. The union responded by agreeing to tiered wages, which paid anyone hired on or after October 2012 a salary of $5 to $6 less than other employees, he said. Rexnord recently agreed to drop the tiered wages in a new contract.

    "We had the fear that they gave it back to us because they weren't going to be here — that they'd never have to pay the wages," Hugunin said. "And one way or another, they're probably not. They'll either move or we'll negotiate lower wages."

    Rexnord did not make anyone available for an interview.

    Rexnord has not yet provided the union with numbers on expected cost savings in Mexico, Hugunin said. Requesting that data will be the first step in determining whether the union can make an offer that would entice Rexnord to stay.

    Rexnord, which has a total of 7,700 employees, generated $67.5 million in profit on $1.9 billion in sales in fiscal 2016. That was down from $83.8 million in profit on $2 billion in sales in fiscal 2015. CEO Todd Adams received $1.5 million in total compensation in fiscal 2016, including a $750,000 salary.

    In addition to manufacturing industrial mechanical components, Rexnord has a water management business. The Indianapolis plant, at 7601 Rockville Road, makes all types of bearings.

    Zering said there were shouts from employees as they learned they'll probably lose their jobs next year.

    "I think everybody was shocked," he said. "It's always been in everybody's mind, but we never dreamed it would come like this on a Friday afternoon when we've been working seven days a week."

    http://www.indystar.com/story/money/...xico/92071104/
    Last edited by Judy; 12-04-2016 at 04:39 AM.
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  3. #3
    Senior Member Judy's Avatar
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    You can save this one, too.

    Get in there and do it.

    Donald J Trump: Make. The. Call. Lay it out for them. Lower corporate tax rates, less regulation and tariffs on back-hauling these products into the US. Explain to them that their problem isn't what they think it is, their problem is a dead-beat economy with not enough durable goods activity, not enough car sales, not enough equipment sales, not enough hard long-life durable goods activity, a problem you will solve with the economic boom you're going to create in America. Their sales were down either by number of units or price or a combination of both. Losing over $100 million in sales and $16 million in profit matters, you understand that, but tell them, stick it out, hang in there until you can fix this mess and they'll not only recoup their lost sales, they'll grow their sales.

    Income tax on $67 million in profit at 35% is over $23 million a year just in federal income taxes. This company is leaving the US to save $4 million a year. Income tax on $67 million in profit at 15% is $10 million. If Trump can convince this company that he WILL get his tax plan through the US Congress, then they make money by staying in the US. They'll make more from lower regulations too. Don't know how many will apply to them but I would imagine some at least.

    Make. The. Call.

    They announced they were leaving in October when all the CORRUPT MEDIA was claiming Trump wouldn't win. When the New York Times is running crap articles about sexual assault and the Washington Post is running articles about recordings on a NBC van. So I'm sure all business CEO's who aren't all that involved in politics just rely on the news media for information including political information. Lying to the public with fake polls and fabricated stories to try and influence the outcome of an election has consequences. People try to predict and these predictions and assessments become part of the business decision process. If Trump has no chance to win, then there is no chance for tax relief, no chance for tax relief, no chance to turn around their company and get sales and profits back up.

    Make. The. Call.

    Tell Congress you want a commitment to pass this tax plan and get it done within the 90 days you've prescribed or sooner if you can.

    Also, call Boeing and ask them to cancel the plant in China. You must stop that plant. They only went there because of the Ex-Im Bank not being renewed. If eventually was renewed but not before they decided to go ahead to China. No one wants to ride on a Boeing made in China, I can promise you that. They would much prefer to ride on a Boeing made in the US. Even the Chinese would prefer that. They know their quality isn't as good as ours.

    Make. The. Calls.

    And tell the "fiscal conservatives" who don't understand this, that you are picking winners, you're picking the USA and American Workers to WIN at everything. Oh wait, you've already said that over and over and over and over but for some reason, some people didn't get it, so I guess you have to keep saying it over and over and over until they do.

    Hope you can save these Rexnord jobs, too!!
    A Nation Without Borders Is Not A Nation - Ronald Reagan
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  4. #4
    Senior Member Judy's Avatar
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    For Now, Trump Bears Signs of a Dealmaker, Not a Policymaker

    By josh boak, ap economics writer
    WASHINGTON — Dec 3, 2016, 10:48 AM ET

    He phones. He kibitzes. He cajoles. He threatens. He rewards.

    It's a freewheeling style that President-elect Donald Trump used to stop Carrier from shipping 800 jobs from an Indiana factory to Mexico. And it marks a radical shift from the measured words and scripted events that typify most presidents-elect.

    It's the agenda of a dealmaker, one who seems inclined to take a transactional, ad hoc approach to economic policy — offering some help to this company, perhaps directing a warning to others.

    Thursday's announcement by Carrier that it had reversed its decision to move certain jobs outside the country spotlighted Trump's inclination to personally intervene in the economy, down to a company's assembly line.

    His public relations victory ran counter to the conservative economic principle that the government should seldom, if ever, intercede to choose corporate winners and losers. It also raised expectations for whatever economic gains he can deliver to his supporters across the country, many of whom have suffered financial setbacks as America's manufacturing base has shrunk.

    Yet few analysts think Trump can repeatedly inject the presidency into individual corporate affairs.

    "It's a great tactical success," Bill Galston, a senior fellow at the Brookings Institution, said of the Carrier announcement. "But is it a strategic template? Of course not."

    Trump said the decision to preserve Carrier's factory jobs occurred after he had phoned the CEO of its parent company, United Technologies.

    Such interventions are rare. As president in 1981, President Ronald Reagan famously waded into a labor dispute by firing more than 11,000 air traffic controllers on strike. But they were federal workers, and Reagan argued that the workers had broken the law by striking.

    Early in his presidency, when President Barack Obama intervened in the economy, it faced the gravest financial crisis since the Great Depression. The government launched emergency steps to infuse capital into banks and automakers, while borrowing heavily to fund an economic stimulus to galvanize growth.

    Even then, Obama signaled discomfort about aspects of his administration's direct involvement.

    "I did not run for office to be helping out a bunch of fat cat bankers on Wall Street," he said then.

    Many Republicans condemned Obama's stimulus and bailouts as ineffective. Among the critics: Mike Pence, now the vice president-elect, and Mitt Romney, the party's 2012 presidential nominee and now a contender to be Trump's secretary of state.

    By contrast, Trump sees the need for aggressive presidential action in an economy with slow but steady growth. Unemployment is at a nine-year low of 4.6 percent, the government said Friday, and job gains have been solid.

    In the meantime, Trump is taking on another Indiana manufacturer that plans to let go of workers and move operations to Mexico. Late Friday, he tweeted: "Rexnord of Indiana is moving to Mexico and rather viciously firing all of its 300 workers. This is happening all over our country. No more!"

    Trump says he must step in because the recovery has failed to help vast swaths of America. He blames what he calls unfair trade deals, onerous regulations and government corruption. The United States has 12.3 million factory jobs, down from a peak of 19.6 million in 1979. Incomes have stagnated or fallen for many workers with only a high school diploma.

    The president-elect has promised corporate tax cuts to entice employers to stay. And he has lobbed threats of tariffs against manufacturers that move jobs abroad.

    "Companies are not going to leave the United States anymore without consequences," he said at the Carrier plant in Indianapolis. "It's not going to happen."

    Yet it's far from clear how Trump's deal-making impulses will translate into governance over four years. His administration must draft complex budgets, manage sprawling departments and negotiate with members of Congress who have competing interests.

    Those efforts cannot likely prevail in the improvisatory style that surrounded the Carrier agreement. Trump, in fact, noted that that Carrier deal succeeded only because one of the factory workers had said in a TV news report that the president-elect would save their jobs. Trump said he didn't recall promising during the campaign to save those jobs, even though that pledge had become a theme of his stump speeches.

    Federal budgeting requires meticulous planning, noted Maya MacGuineas, president of the Committee for a Responsible Federal Budget, a nonprofit that favors limiting government debt.

    "It cannot be done in an ad-hoc way," she said. "The very premise of a budget is to look at things comprehensively."

    On many critical economic issues, Trump's stances invite speculation as to where he really stands. He has proposed tax reforms that he said would help double economic growth to up to 4 percent a year. But outside analyses have concluded that tax cuts of the magnitude he proposes would either swell the national debt or force deep spending cuts.

    Higher deficits may increase economic growth in the short term, though nearly all economists say 4 percent growth is unrealistic over the long run. During the campaign, Trump decried the national debt as stifling the economy's ability to grow.

    Once Trump becomes president in January, these contradictions on economic policy will have to be settled. He will have to spell out his views on which spending to increase, which regulations to kill, who receives tax cuts, how to finance infrastructure and how to manage the budget. Those choices will shape how the economy grows and who may benefit.

    While Trump has burnished his reputation as a dealmaker, his aptitude as a policymaker is unknown.

    "Something is going to have to give," MacGuineas said. "Budgeting is about being able to say no to some things."

    http://abcnews.go.com/Business/wireS...maker-43947763
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  5. #5
    Senior Member Judy's Avatar
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    Trumps both a dealmaker and a policymaker. It's so funny that even now ABC News and Associated Press don't know anything about Trump's policies, the very reason he won the election. They don't seem to know for some reason anything about this tax policy, his spending policy, his infrastructure policy, his immigration policy, his trade policy, etc., etc., etc. Most of this has been posted in detail on his website since 2015, and he goes over it and over it and over it in his Rally Speeches all across the country.

    By the way, after two terms in office, what were Obama's Policies? Raise taxes, break the law, give our jobs away, force citizens to pay for the losses including overpriced health insurance.

    Policies are supposed to result in deals, deals that secure our borders, deport illegal aliens, reduce immigration, reduce taxes, bring our jobs back, keep our industries from leaving, rejuvenate the economy, reduce poverty and unemployment, reduce welfare spending, raise wages, etc., etc.

    Trump is all about policy. He's changing it up to right our ship and get US on track again. It's a real shame, a tragedy actually, that the CORRUPT MEDIA refused to cover his campaign and report on his policies because there were probably a lot of plants closed in the last two years that might not have been if the CEO's and owners had known about Trump's policies as well as his ability if not likelihood of winning the election.
    Last edited by Judy; 12-04-2016 at 06:11 AM.
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    Super Moderator Newmexican's Avatar
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    I saw an interview with one of the workers this morning and, like Disney, they are being forced to train their Mexican replacements or lose their severance packages..

  7. #7
    Senior Member Judy's Avatar
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    Oh my God, that is just disgusting. Of all the frigging laws we have, and we don't have a law to prevent this? We need a labor law to prevent this. Wait until Trump hears about this!!! How dare Rexnord do this. No one being laid-off and replaced should have to train any worker replacing them, anywhere, here in the US and MOST CERTAINLY not in a foreign country. If you resign, sure, but not when you're being replaced against your will.

    DISGUSTING.

    Carrier better not be doing such a thing. Are they doing it with the jobs they're still moving to Mexico? Better not be is all I can say.
    Last edited by Judy; 12-04-2016 at 01:09 PM.
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  8. #8
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    Extortion is a crime in which one person forces another person to do something against his will, generally to give up money or other property, by threat of violence, property damage, damage to the person’s reputation, or extreme financial hardship. Extortion involves the victim’s consent to the crime, but that consent is obtained illegally.

    -------------------------

    They are not only taking the jobs from these people who worked and were loyal to the Company but now are offering money and severance packages along with the threat to take it away if they do not train the foreign replacements.

    What a dirty and unethical business these ungrateful rich fat cats in these Corporations have become. There are other ways to cut costs and keep these jobs in the USA.
    ILLEGAL ALIENS HAVE "BROKEN" OUR IMMIGRATION SYSTEM

    DO NOT REWARD THEM - DEPORT THEM ALL

  9. #9
    Senior Member Judy's Avatar
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    It is extortion. That's exactly what it is. I believe those contracts are invalid therefore. And someone should investigate if these particular "severance packages" are in anyway funded with Trade Adjustment Act funding that accompanies NAFTA. Trump has to withdraw US from NAFTA immediately and slap on 35% minimum tariffs for everything coming across that border.

    You make it there, you sell it there.
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  10. #10
    Senior Member Judy's Avatar
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    Trump renews threat of tariffs on companies that move jobs overseas

    David M Jackson , USA TODAY 11:05 a.m. EST December 4, 2016

    Days after praising a deal providing tax breaks to a company for keeping jobs in the United States, President-elect Donald Trump is renewing his threat to slap tariffs on the products of companies that move jobs overseas in the future.

    "There will be a tax ... soon" of 35% for companies that move overseas and try to sell goods "back across the border," Trump said during a Sunday tweet storm.

    Pledging to cut taxes and reduce regulations on all businesses, Trump said that "any business that leaves our country for another country, fires its employees, builds a new factory or plant in the other country, and then thinks it will sell its product back into the U.S. without retribution or consequence, is WRONG!"

    The tweets came days after Trump and aides celebrated a deal with the Carrier heat and air conditioning company, which abandoned plans to move some jobs to Mexico after the state of Indiana provided $7 million in tax incentives.

    Even Trump supporters like former Republican vice presidential nominee Sarah Palin bashed the Carrier deal as "crony capitalism."

    Now, critics are taking aim at Trump's revival of a threat he made during the presidential campaign, saying his claim to tax products made by U.S. companies overseas will lead to higher prices for American consumers.

    "Pres-Elect Trump means well," tweeted Sen. Ben Sasse, R-Neb. "But won't his 35% tariff idea raise prices on American families? How would it not be a new 35% tax on families?"

    In his Sunday tweets, Trump said his 35% tax "will make leaving (the U.S.) financially difficult."

    Trump appeared to be provoked by news that Rexnord, the Indiana-based bearing manufacturer, is planning to move jobs to Mexico.

    "Rexnord of Indiana is moving to Mexico and rather viciously firing all of its 300 workers," Trump tweeted Saturday. "This is happening all over our country. No more!"

    http://www.usatoday.com/story/news/p...nord/94953500/
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