US Steel boss says he could bring back 10,000 lost jobs
205 views · Published 9 December 2016 · 3:23 · Indexed 6 November 2026
Channel: Real Thing TV · 2016 · News & Politics
US Steel boss says he could bring back 10,000 lost jobs if Trump cuts taxes and slashes regulations US Steel CEO Mario Longhi said 10,000 steel industry jobs could be resurrected His Pittsburgh-based company employs 21,000 people, down from 28,000 The US steel industry has lost tens of thousands of jobs since its 1960s heyday Donald Trump won in Ohio and Michigan by promising to bring back steel jobs United States Steel Chief Executive Mario Longhi has said 10,000 jobs in the steel industry could return if President-elect Donald Trump slashes regulations and cuts taxes. Mr Longhi, speaking on CNBC, said: 'I'm more than happy to bring back the employees that we were forced to lay off during the depressing period...could be close to 10,000 jobs.' Later US Steel clarified that the number Mr Longhi was referring to was all the potential jobs in the steel industry, rather than jobs his own company could generate. Pittsburgh-based US Steel has 21,000 employees in North America, down from 28,000 in 2007 and a fraction of the figure it employed in the 1960s. The US steel industry as a whole has laid off more than 16,000 people since January 2015 and tens of thousands since its heyday.
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