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Carney says Cleveland-Cliffs must honour Stelco commitments amid layoff dispute
The federal government says the steelmaker must meet legally binding employment promises after layoffs affected 175 workers and could reach 500.
- On Thursday, Prime Minister Mark Carney warned Cleveland-Cliffs Inc. that failing to honor Stelco acquisition commitments would be a "mistake," as Industry Minister Mélanie Joly rejected the company's compliance report as "far from satisfactory."
- Cleveland-Cliffs acquired Stelco in 2024, agreeing to maintain employment levels for five years; CEO Lourenco Goncalves blamed an "avalanche" of steel imports for the current layoff of 175 workers.
- United Steelworkers national director Marty Warren challenged Goncalves' claims about offshore steel dumping in Canada, pointing out that the United States accounts for the largest share of imported steel competing with Stelco's Hamilton operations.
- Joly refused to meet with Goncalves until he presents a concrete plan and timeline for recalling employees, telling reporters, "My message to him is first bring back the jobs and then we'll meet."
- Warren stated that forcing Cleveland-Cliffs to sell Stelco remains an option, noting "nothing is off the table," while Joly continues assessing compliance with the Investment Canada Act as legal processes unfold.
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cedarnews.netCarney says Cleveland-Cliffs making ‘mistake’ by not respecting obligations
Prime Minister Mark Carney said Thursday that Cleveland-Cliffs' would be making a "mistake" by not respecting its obligations and commitments after it began laying off workers.
·Toronto, Canada
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Carney Says Cleveland-Cliffs Must Honour Stelco Commitments Amid Dispute
Prime Minister Mark Carney says it would be a mistake for Cleveland-Cliffs Inc. to fail to honour the commitments it made when it bought Stelco. At a news conference in Montreal, he declined to comment on the possibility of forcing the U.S. steelmaker to sell Stelco, saying a legal process is underway. Carney’s comments on Oct. 29 come as Industry Minister Mélanie Joly stepped up pressure on Stelco to recall laid-off workers. In a new letter, Jo…
Coverage Details
Total News Sources5
Leaning Left2Leaning Right0Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 40%
C 60%
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