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GgoogleCA first seen 46 d ago, last 2 d ago, peak #1

Canada pressures Stelco's US owner over Hamilton layoffs

Original: stelco

Stelco's US owner Cliffs has laid off hundreds of workers at its Hamilton and Nanticoke steel operations, prompting a political firestorm in Canada. Industry Minister Mélanie Joly has sent the company a letter giving it 15 days to restore the jobs as a condition for any meeting, while Prime Minister Mark Carney said workers were 'betrayed'. The company's CEO argues no amount of money could have avoided the slowdown, blaming US tariffs and market conditions amid the strongest quarter since the acquisition.

Why now: Mass layoffs at a major Canadian steelmaker, and the government's public standoff with its US owner, are dominating national news amid trade tensions with Washington.

StelcoCleveland-CliffsMélanie JolyMark CarneyHamilton

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