The Hill article The storied legacy of storied names like Stemmons and Sterling continues to be in jeopardy after President Donald Trump tweeted on Wednesday that “Stemmons & Co. just lost another steelmaker.”
The tweets came after the steel maker announced that it would cut about 1,000 jobs in North Carolina and South Carolina.
Steelworkers at a steel plant in Asheville, North Carolina, are protesting the company’s decision to cut jobs.
Reuters/Joe SkipperStemms, a partner at Sterling & Sons, announced in November that it was laying off about 1.5,000 employees.
The company said it will keep its operations at its Asheville plant.
The president’s tweet comes just a week after the company announced it would shut its operations in South Carolina and North Carolina.
The tweets come after Stemms & Co., a steelmaker that is part of Sterling & Son Holdings LLC, reported a loss of $5.6 billion in the fourth quarter, according to its quarterly report filed with the Securities and Exchange Commission.
Stemming Steel CEO Richard Stemmler called Trump’s comments “outrageous and wrong.”
Stemmlers said Sterling’s investments in infrastructure and jobs were in the best interest of the American people.
Trump’s tweet also comes on the heels of Trump’s recent tweets attacking the U.S. Steel Corporation, which manufactures steel for U.N. and other agencies around the world.
Trump said on Tuesday that the company would not be able to compete with Chinese steel companies in the future, according the Wall Street Journal.