Skip to main content
See every side of every news story
Published • loading... • Updated

Joly says she will meet with Stelco owner if company gives 'concrete' plan to bring workers back

Joly says 175 laid-off workers must be recalled immediately before she meets with Stelco and Cleveland-Cliffs over compliance with federal undertakings.

  • On Thursday, Industry Minister Joly told Stelco president Paul Simon she will only meet with Cleveland-Cliffs leadership if they provide a "concrete and credible plan" to immediately recall laid-off workers.
  • Joly previously consulted government lawyers after Cleveland-Cliffs CEO Lourenco Goncalves told CBC News he purchased the Hamilton steelmaker to prevent it from undercutting his American production facilities.
  • Goncalves said on Wednesday that 175 workers could return by Christmas, provided Canadian customers purchase domestic steel; he maintains Stelco's galvanized-steel business is unprofitable due to cheap imports and 50-per-cent American import tariffs.
  • Discussions will address the company's "full compliance" with the Investment Canada Act, as Goncalves maintains Cleveland-Cliffs is honoring all commitments made during the 2024 acquisition.
  • Public back-and-forth between Canada and the American owners continues following last month's layoffs; the government contends undertakings require maintaining 2024 unionized staffing levels through 2029.
Insights by Ground AI

6 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 60% of the sources are Center
60% Center

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

BizToc broke the news on Thursday, October 29, 2026.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal