GRANITE CITY, Ill. (KMOX) – News on CNBC today that will likely have laid-off steel workers in Granite City smiling from ear-to-ear.
“You are ready to rehire back some employees that had to be laid off?”
“Absolutely,” U.S. Steel CEO Mario Longhi repeated throughout the question.
Longhi today told the CNBC’s “Power Lunch” panel he hopes to “accelerate investments” and start rehiring now that Donald Trump will be occupying the oval office.
Longhi told the program that he hopes regulation under a Trump presidency will be less burdensome. Stocks in his company have reportedly risen 80 percent since the election.
Dave Dowling, who represents the United Steel Workers Union in Granite City, is reacting to Longhi’s comments with “guarded optimism.”
“We’re looking for the details of course. He didn’t offer details about how many jobs might be added to the employment rolls at U.S. Steel and wasn’t specific about when,” Dowling says.
He adds the employees that were laid-off have ran out of unemployment compensation and other members are running out negotiated benefits.
Dowling did allow that it was heartening to hear Longhi sounding so “positive and bullish” about the prospects for the U.S. Steel industry.
Layoffs at U.S. Steel’s Granite City plant began about a year ago — Longhi has maintained that those layoffs are temporary.
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