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Stelco negotiations still on the table, Joly says amid layoffs

By Rachel Morgan

Joly said she is still reviewing a letter from the company that was sent in response to her own letter, dated Oct. 5, in which she gave Stelco five days to respond to an ultimatum.

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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.

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