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U.S. Steel may hire back 10,000 workers, says CEO

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U.S. Steel may hire back 10,000 workers, says CEO

U.S. Steel Corp. may bring back up to 10,000 jobs in the U.S., Reuters reported Dec. 7, citing CEO Mario Longhi.

The steel giant employs about 21,000 employees, compared to 28,000 employees in 2007. The company in recent years has been laying off workers and placing facilities in an idle state to maintain control on costs with the price of steel in a global slump.

"I am more than happy to bring back the employees that we were forced to lay off during the depressing period," the executive said in an interview with CNBC.

U.S. Steel is also seeking to push through on investments in its home country, riding on better regulation and tax law expected in the wake of the election of Donald Trump as the country's president, driving growth.

A company spokesperson told Reuters that market conditions will dictate the extent of a recall of employees, if it happens.