Ottawa Repeats Legal Threat as Stelco Says Layoffs Will Proceed
Industry Minister Mélanie Joly says “all options are on the table” as Ontario steelmaker Stelco says it will proceed with planned layoffs despite the federal government’s threat of legal action over alleged violations of the U.S. company’s commitments under the Investment Canada Act. Company president Paul Simon denied that the layoffs violated the Act in […]
TL;DR
- Industry Minister Mélanie Joly indicated "all options are on the table" regarding Stelco's planned layoffs.
- Stelco intends to proceed with layoffs despite the federal government's threat of legal action.
- The government alleges violations of the Investment Canada Act.
- Stelco president Paul Simon denied the layoffs violate the Act, stating commitments do not stipulate avoiding layoffs or maintaining specific employment levels.