Dec 07, 2016
With great fanfare, Donald Trump announced last week that Carrier Corp. will no longer move 1,000 jobs from Indiana to Mexico. The decision has been ascribed to some combination of the persuasive powers of the president-elect, about $7 million in tax breaks from the state of Indiana, and implicit threats to the valuable business Carrier’s parent company United Technologies, a major military contractor, conducts with the federal government. And now, Trump plans to apply similar pressure to other companies looking to outsource such as Rexnord Corp., which has announced its intention to move its industrial bearings production from Indiana to Mexico as well.
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