Stelco proceeds with layoffs at Hamilton plant despite threats of legal action
By Global News
Cleveland-Cliffs, the American company that owns the Stelco plant in Hamilton, Ont., is going ahead with hundreds of layoffs despite a threat of legal action from Canada. The federal government says the layoffs violate the company’s agreement under the Investment Canada Act. Mackenzie Gray explains what's at stake,…
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Explained in this story
Layoffs
The dismissal of employees by a company, usually for business reasons such as cost cutting rather than performance.
Large layoffs signal trouble in a company or industry and affect local economies.
More about LayoffsMore in Business
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