United States Steel Corporation (NYSE: X) is already signaling that things are better. You will have to decide whether it buckled to pressure from workers on your own or not, but the report is that things are already getting better for the company in its European operations. The company’s Slovakia operations have been on a four-day work week this month, but now the steel giant (which is said to be Slovakia’s largest corporate employer) is going to restart a five-day work week starting in February. Management has apparently agreed trade unions on this matter which has been in effect in January. The move is expected to take the outfit in Slovakia back to full output, again supposedly to meet customer demand, although it has the caveat that it will monitor economic developments and that it may adjust plans based upon the developments (if any).
US Steel shares are up 2.9% at $29.80 on the day after shares took off after the FOMC comments.
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