🇨🇦 Mark Carney
Mark Carney threatens Stelco over Hamilton layoffs
What happened
Canadian Prime Minister Mark Carney criticized Stelco and its parent company for breaching their employment obligations, stating that the layoffs were caused by the US tariffs and that the company would be held to its five-year undertakings to maintain unionized workers. Carney also mentioned that the company's ultimate owner, Cleveland-Cliffs, is a supporter of US President Donald Trump and that the US has imposed tariffs on Canadian steel and aluminum imports. Stelco Holdings announced the lay
Why it matters
The situation is significant because it highlights the impact of the US tariffs on Canadian businesses and workers, and the potential for further trade tensions between the two countries. Carney's comments suggest that the Canadian government is considering taking action against Stelco and its parent company for breaching their employment obligations.
Key facts
- Stelco Holdings announced layoffs of up to 500 workers at its Hamilton and Lake Erie facilities.
- The layoffs were cited as a result of US tariffs and weak demand.
- Stelco made five-year undertakings to maintain unionized workers as part of its foreign takeover by Cleveland-Cliffs.
- The company's ultimate owner, Cleveland-Cliffs, is a supporter of US President Donald Trump.
- The Canadian government is considering taking legal action against Stelco and its parent company.
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Publisher evidence used
Reporting attributed to wellandtribune.ca. WorldLeadersNews links readers to the publisher and does not present a headline-only item as a full article analysis.
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