Published 13 days ago • loading... • Updated 8 days ago

Ontario NDP Urges Ford, Carney to Buy Stelco as Firm Eyes Layoffs

Stelco began issuing layoff notices this week for up to 500 workers at its Hamilton and Lake Erie facilities, prompting Industry Minister Melanie Joly to demand a compliance plan from the American-owned company.
Cleveland-Cliffs CEO Lourenco Goncalves attributed layoffs to US tariffs and market conditions, asserting the company "remains in compliance" with agreements, while Prime Minister Mark Carney said workers have been "betrayed by the company."
Ontario NDP Leader Marit Stiles and Federal NDP Leader Avi Lewis are urging nationalization to save roughly 350 jobs, arguing it would "protect the jobs and industry our country depends on" better than legal action.
Conservative Leader Pierre Poilievre urged legal action instead, while experts describe the nationalization proposal as "ambitious," and Goncalves stated he would consider selling the company "for a good offer."
Industry Minister Joly gave the company five business days to submit a compliance plan, with potential remedies including divestiture if it fails to uphold its Investment Canada Act undertakings.

Insights by Ground AI

12 Articles

Graeme MacKay: Cleveland-Cliffs' Stelco commitments go up in flames

Donald Trump's tariffs, backed by a rogue U.S. corporation, drive Stelco layoffs and threaten Canada's sovereignty and its steel industry.

8 days ago

Read Full Article

National Observer

Lean Left

NDP calls for steelmaker’s nationalization amid hundreds of layoffs

Leaders of the party both federally and provincially are urging the Carney and Ford governments to nationalize American-owned Stelco as layoffs begin for hundreds of steelworkers in Hamilton, Ont.

9 days ago·Vancouver, Canada

Read Full Article

St Catharines Standard

+2 Reposted by 2 other sources

Lean Left

Laid-off Stelco worker says Cleveland-Cliffs is using him as 'political leverage'

Federal NDP Leader Avi Lewis calls on Prime Minister Mark Carney to nationalize Stelco and protect domestic jobs.

9 days ago·Welland, Canada

Read Full Article

iPolitics

Lean Left

Federal government should 'nationalize' Stelco to protect jobs, says NDP Leader Avi Lewis

"We cannot let that happen. You don’t save Canada by allowing American investors to dismantle steel production in this country piece by piece," said Lewis.

9 days ago·Ottawa, Canada

Read Full Article

Global News

Lean Left

Ontario NDP urges Ford, Carney to buy Stelco as firm eyes layoffs

Ontario NDP Leader Marit Stiles told reporters Tuesday that public ownership of Stelco is emerging as the only option to save roughly 350 jobs.

9 days ago·Toronto, Canada

Read Full Article

CBC News

Lean Left

Could Canada nationalize Stelco in Hamilton? Ottawa should consider it, legal expert says

Stelco has begun laying off workers at their Hamilton steel plant, leading to calls for Ottawa to nationalize the company. Nicolas Lamp, associate professor at the faculty of law and school of policy studies at Queens University, says nationalization is about buying time and transparency to make sure we’re acting in our best national interests.

12 days ago·Ottawa, Canada

Read Full Article

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