Today is the final day of production at Wisconsin-based Rexnord Corp.'s (NYSE: RXN) Indianapolis plant. Dozens of employees are working their final day today, as a result of the company moving work to Mexico and laying off more than 300 employees.
The company first announced plans to close the plant, which makes bearings for the automotive, industrial and agriculture sectors, in October. At the time, Chuck Jones, who was then United Steelworkers Local 1999 President, called the move the result of "corporate greed and unfair trade." Jones told Inside INdiana Business in an October interview that he was angry, but not surprised, adding that the company moved operations from its Clinton, Tennessee facility to Mexico earlier that year.
In December, the union reached an agreement with the company regarding severance packages for affected employees. In addition to financial payments, Rexnord agreed to continue offering tuition reimbursement through the end of the year and offer financial planning to employees. Earlier this year, the U.S. Department of Labor approved federal assistance for impacted workers.
By J. Mark Howell President and Chief Executive Officer, Conexus Indiana
As the epicenter of the nation’s advanced manufacturing and logistics industries, Indiana has a compelling story to tell about how Hoosier companies make and move the goods people depend on every day. Our goal is to ensure everyone hears these stories – many of which share a common theme focused on cutting-edge technologies that are transforming the way products are made and moved around the world and the people who use them. Conexus Indiana launched an...
If your high school student or still “undecided” college student is considering a degree in business, the state of Indiana seems to be a good place to be, and without having to pay out-of-state tuition. Forbes magazine has released its annual listing of The Best Business Schools, specifically those with full-time, residential, M.B.A programs.
A one-time mansion that once hosted dignitaries and politicians while they visited Valparaiso appears to be facing demolition, following years of decline and disrepair. The stately mansion, known locally as the Brown home, maybe knocked down and replaced with condominiums, according to our partners at The Times of Northwest Indiana.
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