Favorite

Friday, December 9, 2016

U.S. Steel CEO Inaccurately Promises '10,000 Jobs,' as Lorain Mill Lays Off 33 More

Posted By on Fri, Dec 9, 2016 at 3:01 PM

steel.jpg
U.S. Steel will lay off 33 more employees from its Lorain mill, the company announced in an unexpected move. Despite what appears to be a burst of short-term growth, the company will cut its remaining Lorain workforce by nearly 16 percent.

It's another unfortunate notch for the city of Lorain, and it's a headline that clashes with U.S. Steel corporate confidence.

In a CNBC interview this week, U.S. Steel CEO Mario Longhi said that his company is ready to hire back 10,000 employees. (Video embedded below.)

The company later clarified Longhi's remarks, reporting that he was probably talking about the entire domestic steel industry. More than 16,000 workers have been laid off from steel jobs in the U.S. since January 2015. It's unclear whether Longhi misunderstood the conversation or whether he believes that the deregulation of the manufacturing industry under a President Donald Trump will spur an American hiring spree.

In September, Scene published a feature on how U.S. Steel and Republic Steel layoffs have decimated the city of Lorain.

“Sadly, the local steel industry continues to have setbacks as it awaits recovery in demand,” Mayor Chase Ritenauer told the Chronicle-Telegram, touching on an all too familiar refrain. “Our hearts go out to the employees and the families affected by this round of layoffs especially at this time of the year.”




Favorite

Comments (2)

Showing 1-2 of 2

Add a comment

 
Subscribe to this thread:
Showing 1-2 of 2

Add a comment

Newsletters

Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.

Calendar

© 2017 Cleveland Scene: 737 Bolivar Rd., Suite 4100, Cleveland, OH 44115, (216) 241-7550
Logos and trademarks on this site are property of their respective owners.


Website powered by Foundation