PITTSBURGH, Dec. 8, 2016 /PRNewswire/ -- Today United
States Steel Corporation (NYSE: X) issued a statement regarding
comments made yesterday by President and CEO Mario Longhi during an interview on
CNBC.
The company's statement is as
follows:
U. S. Steel President and CEO
Mario Longhi recently appeared on
CNBC's "Power Lunch" program and was asked about market outlook in
light of the recent U.S. election and various initiatives proposed
by the incoming administration. Mr. Longhi mentioned the
possibility of recalling employees who have been laid off due to a
sustained period of difficult market conditions in the domestic
steel industry.
To clarify - Mr. Longhi's comments
about potentially recalling some 10,000 workers was referring to
the American steel industry overall, not just to employees of
United States Steel Corporation. The domestic steel industry has
been forced to lay off more than 16,000 people [per the U.S. Bureau
of Labor Statistics] since January
2015 due to steel products illegally dumped on U.S. shores.
Layoffs at United States Steel have contributed to the total of
16,000.
United States Steel Corporation, headquartered in Pittsburgh, Pa., is a leading integrated steel
producer and Fortune 250 company with major operations in
the United States and Central
Europe. For more information about U. S. Steel, please visit
www.ussteel.com.
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SOURCE United States Steel Corporation