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2 result(s) for “Cleveland-Cliffs”

Business News · Oct 11, 2026

Ottawa escalates response as Stelco proceeds with Hamilton layoffs despite ultimatum

Stelco says it will proceed with scheduled layoffs at its Hamilton operations, prompting Industry Minister Melanie Joly to warn Cleveland-Cliffs that the federal government may seek legal remedies under the Investment Canada Act if job commitments are not met.

Business News · Oct 9, 2026

Stelco begins layoffs in Hamilton as Ottawa warns owner of legal action

Stelco began issuing layoff notices on October 9, 2026, as its U.S. owner, Cleveland-Cliffs, idles operations at the Hamilton plant. The federal government has given the company days to explain how it will meet employment commitments tied to its 2024 purchase, raising the prospect of enforcement under the Investment Canada Act.