Ottawa has given the U.S. owner of Stelco five business days to share a plan to maintain jobs at the Hamilton-based steelmaker or face potential legal action.
Ohio-based Cleveland-Cliffs said last week it plans to lay off as many as 500 workers as it idles certain steel production at Stelco, which the federal government says violates “binding commitments” made when it bought the company in 2024.
In a letter to Stelco president Paul Simon on Monday, Industry Minister Mélanie Joly said Ottawa is prepared to seek a court ruling to enforce the agreement under the Investment Canada Act.
