Canada's Industry Minister has issued a 15-day ultimatum to Cleveland-Cliffs, the owner of Stelco, to reverse recent layoffs. The minister asserts the company is violating commitments made under the Investment Canada Act. Failure to comply could result in legal action, including potential court-ordered penalties or divestment. Cleveland-Cliffs claims the layoffs are necessary due to U.S. tariffs, a justification the government rejects. The minister emphasizes that contractual commitments to Canada are not optional.
Hamilton, Ontario
https://www.cbc.ca/news/politics/ottawa-stelco-letter-9.7391427