Industry Minister Mélanie Joly warned Cleveland-Cliffs to uphold job commitments at Stelco or face forced sale of Canadian assets, citing violations of the Investment Canada Act.
Industry Minister Melanie Joly says all options are on the table as Stelco proceeds with layoffs in Hamilton, despite federal warnings that the cuts violate Investment Canada Act commitments.
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Stelco has begun laying off workers in Hamilton, rejecting federal accusations of breaching its acquisition agreement. The company cites U.S. tariffs as the cause, while Ottawa threatens legal action.