Stelco has commenced issuing layoff notices to its employees, with the first job cuts scheduled to take effect this Sunday. Approximately 90 workers are expected to receive notices this week, impacting around 330 individuals at the Hamilton plant. Additional reductions are anticipated at the Lake Erie Works in Nanticoke, affecting co-op and pickling operation staff. The company attributes these indefinite layoffs to trade crises, weak demand, and import competition. This action follows Stelco's announcement last week of plans to reduce up to 500 workers across its facilities.
Hamilton, Ontario
https://www.castanet.net/news/Business/633730/Stelco-begins-issuing-layoff-notices-as-first-job-cuts-set-to-take-effect-Sunday