Canada will do all it can to ensure Cleveland-Cliffs meets obligations, Carney says
Carney said Ottawa will use all legal powers to enforce five-year job commitments tied to Cleveland-Cliffs’ 2024 Stelco takeover.
- On Tuesday, Canadian Prime Minister Mark Carney vowed to pursue legal action against Cleveland-Cliffs, accusing the company of violating employment commitments after announcing layoffs at its Ontario steel plant.
- The Canadian government approved Cleveland-Cliffs' C$3.4 billion takeover of Stelco in October 2024 on the condition that it maintain staffing levels for five years, protecting both unionized and non-unionized employees.
- Cliffs announced Monday that it is laying off up to 500 workers at Hamilton and Nanticoke, citing survival needs during a trade war featuring 50% tariffs imposed by President Donald Trump.
- Ottawa had offered financial assistance to preserve jobs, but the company rejected these proposals, prompting Carney to say workers "have been betrayed by the company."
- Legal experts note that enforcing the Investment Canada Act depends on undisclosed agreement details, though United Steelworkers Local 1005 president Ron Wells, citing only 46 Nanticoke openings, is pushing for Ottawa to hold Cliffs accountable.
28 Articles
28 Articles
Stelco 'betrayed' Ontario workers with layoffs, Carney says
Prime Minister Mark Carney says Canada will 'use all the powers that we have' to ensure that Stelco meets its 'legal obligations for employment.' The company, which is owned by U.S.-based Cleveland-Cliffs, announced plans on Monday to idle some production at its Hamilton plant, putting hundreds of workers out of a job.
Mark Carney Blames USA for Layoffs of Canadian Steel Workers
When asked about a statement this week where Stelco Holdings Inc. announced they were laying off 500 workers from their steel plant in Hamilton, Ontario, immediately Canadian Prime Minister Mark Carney blamed the United States. He’s lying. It’s ridiculous. However, that’s all Carney can do at this point. In reality it is (1) Canadian energy, […]
Canadian Prime Minister Mark Carney accused the U.S. owner of steelmaker Stelco of being Canadian workers after it announced layouts it awarded in part
Carney accuses Stelco owner of betraying workers after tariff-linked layoffs
Mark Carney accused Stelco's US owner of betraying workers after announcing tariff-linked layoffs. The clash raises legal and political stakes around takeover job commitments and the Canada-US steel dispute.
Carney accuses US steelmaker of betraying Canadian workers after layoffs tied to Trump tariffs
Canadian Prime Minister Mark Carney accused the U.S. owner of steelmaker Stelco of betraying Canadian workers after it announced layoffs it attributed in part to U.S. President Donald Trump's tariffs — tariffs Cleveland-Cliffs' chief executive has publicly championed.
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