Industry Minister Melanie Joly has called on Ohio-based Cleveland-Cliffs to reverse layoffs at Stelco that affect about 500 workers, arguing it breaches the 2024 acquisition agreement.
The Story
A dispute involving Industry Minister Melanie Joly and Cleveland-Cliffs has put the fate of about 500 Stelco workers at the centre of a recent showdown, according to a podcast timeline examining the fallout from Cleveland-Cliffs’ 2024 acquisition of Stelco.
The Industry Minister is seeking a reversal of the company’s layoff of Canadian workers, saying the action goes against the original agreement Cleveland-Cliffs signed when it acquired Stelco in 2024.
Cleveland-Cliffs, for its part, says it has not broken any terms of the agreement.
The episode also discusses the chronology of the Stelco situation and the question of what legal action Ottawa could take in response, along with whether the job losses could be used as leverage within the broader trade relationship.
The discussion features podcast host Caryn Ceolin speaking with Toronto Star business reporter Josh Rubin.
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