Mayor Hogsett begins taking back financial incentives from Rexnord
INDIANAPOLIS, Ind.– Indianapolis Mayor Joe Hogsett announced Monday that his administration has begun to take back financial incentives provided to Rexnord over the years.
The company decided to pull out of the state and move about 300 jobs to Mexico, where workers can be paid $2.50-$3 per hour instead of $25 per hour.
The move is tentatively set to begin in April and be done by June 2017.
After Carrier decided to leave Indianapolis for Mexico, Hogsett set up a task force to help prevent other companies, like Rexnord, from doing the same. Negotiations to keep the company in Indy were fruitless.
Hogsett issued the following statement:
“Rexnord has benefited greatly over the years from local investment and the hundreds of hardworking families that have helped make this company profitable. Yet, despite the efforts of Rexnord’s long-time employees and local union leaders, the company is choosing to uproot this plant and move 300 good-paying Indianapolis jobs to Mexico.
Indianapolis deserves to be made whole. That is why I have begun the process of clawing back all applicable financial incentives that have been provided to Rexnord over the years and will fight to make sure this money is returned to our city, on behalf of the taxpayers of Marion County.”
The local steelworkers union has said they expect more manufacturing jobs in the state to be moved to Mexico, but they aren’t sure which company will be next.