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Canada Minister Threatens Stelco Divestment Over 175 Layoffs

By Drooid · Oct 29, 2026 · How we work

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Canada Industry Minister Mélanie Joly warned Cleveland-Cliffs to reverse Stelco layoffs within 15 days.
Joly demanded a concrete re-engagement plan from Stelco and its parent by the deadline.
Cleveland-Cliffs CEO Lourenço Gonçalves hopes to recall the 175 laid-off workers before Christmas.
Local 1005 president Ron Wells confirmed 175 Hamilton workers were laid off, none at Lake Erie.
Joly said non-compliance could force Cleveland-Cliffs to divest Stelco under the Investment Canada Act.

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Canada Industry Minister Mélanie Joly warned Cleveland-Cliffs to reverse Stelco layoffs within 15 days.
Joly demanded a concrete re-engagement plan from Stelco and its parent by the deadline.
Cleveland-Cliffs CEO Lourenço Gonçalves hopes to recall the 175 laid-off workers before Christmas.
Local 1005 president Ron Wells confirmed 175 Hamilton workers were laid off, none at Lake Erie.
Joly said non-compliance could force Cleveland-Cliffs to divest Stelco under the Investment Canada Act.