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Canada exploring Stelco nationalization, industry minister says
The federal government is weighing legal action and ownership options as union leaders say 90 workers were laid off last week and 85 more face notices.
Summary by Reuters
5 Articles
5 Articles
The Canadian government is considering nationalizing the steel company Stelco, Minister Melanie Joly said, after American owner Cleveland-Cliffs decided to shut down parts of the steel plant and lay off hundreds of employees.
·Amsterdam, Netherlands (Kingdom of the)
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Canada exploring Stelco nationalization, industry minister says
Canada is exploring all options under the Investment Canada Act to consider nationalizing steel maker Stelco, owned by US-listed Cleveland Cliffs , Industry Minister Melanie Joly said on Friday in Toronto.
·London, United Kingdom
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Coverage Details
Total News Sources5
Leaning Left1Leaning Right1Center2Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
Factuality
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