USS is going to accelerate its investments and hire back the laid off employees. This was announced on CNBC by Mario Longhi CEO of USS.
Now that Trump is going to occupy The Oval Office things are looking better and better.
“We already structured to do some things, but when you see in the near future improvement to the tax laws, improvements to regulation, those two things by themselves may be a significant driver to what we’re going to do,” he said in an interview with CNBC’s “Power Lunch.”
The belief that U.S economy can grow 3.5% also adds to what the company can do, said Longhi.
“I’d be more than happy to bring back the employees we’ve been forced to lay off during that depressive period,” he said, which “could be close to 10,000 jobs.”
After Trump’s stunning victory the shares of U.S Steel soared about 80 percent . Investors are betting on increased infrastructure spending , something that Trump has promised.
“When you get into some situations where we’re being asked to control some substances in water that are far lower than what nature naturally offers, that’s irrational,” he said.
“There was a point in time in the past couple years that I was having to hire more lawyers to try to interpret these new regulations than I was hiring … engineers. That doesn’t make any sense.”