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…
Read it in your languageMachine translation by Google of the publisher's page
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
From the blog
Prahaar Box Office Day 2: Surpasses Entire Lifetime Collection Of Rajkummar Rao’s 1st Courtroom Drama – Prepping For Dussehra Weekend!
Rajkummar Rao's Prahaar opened to a good response and the result is visible in numbers growing well - day 2…
Swati Gupta2 min read
Box Office: With King, Shah Rukh Khan Is All Set To Push Akshay Kumar Out Of The Top 3 In Koimoi Star Ranking!
Shah Rukh Khan will next be seen in King, which is expected to be a money-spinner at the Indian box…
Swati Gupta2 min read
Box Office: Rajinikanth Becomes 2nd Kollywood Star To Enter 1000 Crore Net Club In The Post-COVID Era!
Rajinikanth, with his Jailer 2 crossing 140 crore net at the Indian box office in just 3 days, has gone…
Swati Gupta2 min read