Joly threatens ‘full force of the law’ over Cleveland-Cliffs’ Stelco job commitments
Canada's industry minister said Wednesday Stelco Holdings Inc. cannot use the trade war to justify cutting jobs it committed to when it bought the Hamilton, Ont.-based steel plant.
Canada's Industry Minister Mélanie Joly threatened to invoke the "full force of the law" on Wednesday in response to Stelco Holdings Inc.'s plans to cut jobs at its Hamilton, Ontario steel plant. Joly stated that the U.S. parent company Cleveland-Cliffs cannot use trade war and market pressures as excuses for cutting up to 500 jobs, as CEO Lourenco Goncalves has publicly backed steel tariffs.
Joly emphasized that since Cleveland-Cliffs made legally binding employment commitments when it acquired Stelco, the company must comply with its obligations, including maintaining over 1,500 jobs. If the company fails to provide a plan for meeting these commitments, including maintaining the majority of non-union positions, Ottawa will take enforcement action.
Joly has sent a letter to Stelco president Paul Simon demanding a response, to which the company has not yet provided one.
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