Cleveland-Cliffs boss criticizes Carney, praises Trump, as conflict with Ottawa over layoffs escalates
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Open this photo in gallery:Stelco's steel production facility in Hamilton is seen from across the harbour in Burlington, Ont. Ottawa has warned the steelmaker's U. S.-based owner, Cleveland-Cliffs, against laying off workers in Canada. Nick Iwanyshyn/The Canadian PressCleveland-Cliffs Inc. CLF-N chief executive Lourenco Goncalves on Monday criticized Prime Minister Mark Carney for “snatching defeat from the jaws of victory” in trade, and he extended “kudos” to U. S. President Donald Trump for a job well done, as the U. S. steelmaker remains locked in conflict with Ottawa over hundreds of layoffs in Canada. On Sept. 28, Stelco Inc. announced that it was laying off up to 500 workers in Hamilton and Nanticoke, Ont. By proceeding with layoffs, the federal government says Cliffs has breached legally binding job commitments when it acquired Stelco in 2024, including maintaining at least the same number of unionized employees in Canada for five years. Industry Minister Mélanie Joly has repeatedly warned Cliffs that if it doesn’t comply it could be sued, or possibly forced to divest its Canadian operations.
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