3 publishers · first seen Thu, 29 Oct 2026 17:32 UTC · updated Thu, 29 Oct 2026 17:50 UTC
Prime Minister Mark Carney said it would be a mistake for Cleveland-Cliffs to fail to honour its commitments made when it acquired Stelco in 2024, as the federal government weighs legal action over layoffs affecting up to 500 workers. Industry Minister Mélanie Joly rejected Stelco's latest compliance report as 'far from satisfactory' and demanded a concrete plan to recall the laid-off workers before agreeing to meet with Cleveland-Cliffs CEO Lourenco Goncalves.
So far, 175 workers in Hamilton have been laid off, and Joly insists the company must bring back the jobs before any meeting occurs. Goncalves stated that if sales of Canadian steel increase, he intends to recall all 175 workers before Christmas. The company cited U.S. tariffs, weak demand, and import competition as reasons for the layoffs, while the union accused Cleveland-Cliffs of using workers as bargaining chips in a trade dispute.
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