Ottawa warns Stelco’s US owner of legal action over planned layoffs
By Global News
Industry Minister Mélanie Joly is warning Stelco’s American owner it could face legal action and be forced to sell its Canadian operations unless it honours job commitments. The warning comes amid planned layoffs and steep U.S. tariffs on Canadian steel. “This isn’t just about one plant,” says Drew Fagan, professor at…
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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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