4 result(s) for “Stelco”
Industry Minister Melanie Joly has formally demanded Cleveland-Cliffs reverse temporary layoffs affecting up to 500 workers at Hamilton’s Stelco or face court action, saying the U.S. owner appears to have breached employment commitments tied to its 2024 acquisition.
Canada on October 22, 2026 issued a formal 15 day demand to Cleveland-Cliffs over planned layoffs at Stelco in Hamilton, warning sanctions up to forced divestiture under the Investment Canada Act as Ottawa weighs options to protect jobs as U.S. tariffs squeeze the domestic steel market.
Industry Minister Mélanie Joly warned that Ottawa could force the sale of Stelco’s Canadian operations if planned layoffs are not rescinded, raising the prospect of a legal and political showdown over foreign ownership and job commitments.
Stelco has begun issuing layoff notices at its Hamilton steelworks even after the federal industry minister gave the company five business days to present a compliance plan under the Investment Canada Act. The dispute raises fresh questions about foreign ownership, trade policy and enforcement tools for protecting Canadian jobs.