Industrial equipment maker Rexnord (RXN - Get Report) shares were down 1.47% late Monday morning after President Donald Trump sent a tweet Sunday night criticizing the company's decision to close a plant in its hometown in Indiana and move the plant and 300 jobs to Mexico.
Rexnord of Indiana made a deal during the Obama Administration to move to Mexico. Fired their employees. Tax product big that's sold in U.S.— Donald J. Trump (@realDonaldTrump) May 7, 2017
This is the second time Rexnord has been the target of a Trump tweet since it announced its plans in October.
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!— Donald J. Trump (@realDonaldTrump) December 3, 2016
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