Story perspectives
Joly gives Cleveland-Cliffs five days to save Stelco jobs
By Drooid · · How we work
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Story summary
- Industry Minister Mélanie Joly gave Cleveland-Cliffs five business days to submit a job-preservation plan.
- Cleveland-Cliffs plans to lay off up to 500 Stelco workers in Hamilton and Nanticoke.
- Union president Ron Wells said he is open to nationalizing Stelco.
- Prime Minister Mark Carney said Canada will act after the company’s response.
- CEO Lourenco Goncalves dismissed nationalization, referencing Venezuela’s failed SIDOR takeover.