Hamilton Steel Plant Closure to Affect 500 Employees as Company Cites ‘Market Uncertainty’
Stelco Holdings Inc. says it will indefinitely idle finishing operations at its steel plant in Hamilton, Ont., due to “market uncertainty,” a move that could affect as many as 500 employees. The company said on Sept. 28 that it will concentrate production at its Lake Erie Works plant in Nanticoke, Ont. The company added that [...]
TL;DR
- Stelco Holdings Inc. is indefinitely idling finishing operations at its Hamilton, Ont. steel plant.
- This decision could affect as many as 500 employees.
- The company cites "market uncertainty" and steel imports as reasons for the move.
- Production will be concentrated at the Lake Erie Works plant in Nanticoke, Ont.
- Stelco will offer jobs at the Nanticoke plant to a significant number of affected Hamilton employees.