Stelco Owner Has 15 Days to Reverse Layoffs Before Ottawa Takes Legal Action: Joly
Industry Minister Mélanie Joly says she is giving Stelco’s parent company 15 days to reverse its decision to lay off nearly 500 workers before taking legal action. Joly posted a message on social media on Oct. 22, saying she had sent an 11-page “demand letter” to Ohio-based Cleveland-Cliffs, directing the company to comply with the […]
TL;DR
- Industry Minister Mélanie Joly has issued a 15-day deadline to Stelco's parent company, Cleveland-Cliffs, to reverse layoff decisions.
- Failure to comply may result in legal action from the Canadian government.
- The demand stems from alleged breaches of legally binding undertakings made under the Investment Canada Act during the 2024 acquisition.
- Commitments included maintaining employee numbers for five years post-acquisition.