December 21, 2016
By Steven Wishnia and Neal Tepel
Indianapolis, IN – The Rexnord Corp. and United Steelworkers Local 1999 have agreed on severance pay for the 300 workers who will lose their jobs when the company closes its ball-bearing plant here and moves production to Mexico next year.
Under the deal announced Dec. 16, they get $2,000—$500 this month and $1,500 when they’re laid off—plus one week of salary for each year of employment, according to Local 1999. Rexnord will also cover their health insurance for six months. “It’s not what we asked for, but we can live with it,” Kelly Springer told WTHR-TV. “I’ve got 43 years. That’s about $42,000. But over the next four years, if I could have stayed employed out here, I could have made as much as $250,000-300,000, so it’s still falling short.” Local 1999 President Chuck Jones, who’s said “numerous times” that President-elect Donald Trump should intervene “if he’s sincere about keeping the jobs here in this country,” told the Indianapolis Star that he’d “heard nothing” back. Rexnord has said the layoffs will begin in April, but it filed a notice with the state of Indiana that said they might start Feb. 13. Read more