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Canada will do all it can to ensure Cleveland-Cliffs meets obligations, Carney says
Carney said Ottawa will pursue the company to the fullest extent of the law after layoffs that could affect up to 500 workers.
- On Tuesday, Canadian Prime Minister Mark Carney vowed to pursue legal action against Cleveland-Cliffs, accusing the company of violating employment commitments after announcing layoffs at its Ontario steel plant.
- The Canadian government approved Cleveland-Cliffs' C$3.4 billion takeover of Stelco in October 2024 on the condition that it maintain staffing levels for five years, protecting both unionized and non-unionized employees.
- Cliffs announced Monday that it is laying off up to 500 workers at Hamilton and Nanticoke, citing survival needs during a trade war featuring 50% tariffs imposed by President Donald Trump.
- Ottawa had offered financial assistance to preserve jobs, but the company rejected these proposals, prompting Carney to say workers "have been betrayed by the company."
- Legal experts note that enforcing the Investment Canada Act depends on undisclosed agreement details, though United Steelworkers Local 1005 president Ron Wells, citing only 46 Nanticoke openings, is pushing for Ottawa to hold Cliffs accountable.
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Mark Carney promises to use "all the powers" of his government against the American owner of the Stelco steelworks in Hamilton, Ontario.
·Montreal, Canada
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Winnipeg Free Press+3 Reposted by 3 other sources
Stelco layoffs raise legal questions over job pledges in Cleveland-Cliffs takeover
Job promises made by Stelco Holdings Inc.'s American parent company when it acquired the beleaguered steel maker are legally binding — but whether this week’s layoffs violate them depends on terms that have not been made public, according to legal and policy experts.
·Winnipeg, Canada
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Coverage Details
Total News Sources39
Leaning Left13Leaning Right7Center15Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 37%
C 43%
R 20%
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