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Stelco could be forced to sell Canadian assets if layoffs continue, Joly warns - CP24

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Heather Wright reports on the response by Labour Minister Melanie Joly after Stelco’s American owner defended the decision to cut jobs at an Ontario plant. HAMILTON – More layoff notices have been handed out to unionized workers at Stelco’s plant in Hamilton, Ont., as the company moves ahead with idling its cold mill and coating departments, despite threats from Ottawa to take the company to court if the layoffs go ahead. How to set CTV News as your preferred source on GoogleIndustry Minister Melanie Joly said “everything is on the table,” including a forced divestment of assets or financial penalties if it does not heed the federal government’s warnings to stop the cuts. “We expect Stelco to follow the undertakings they’ve committed to the government of Canada,” Joly told reporters Wednesday. “And right now a business decision, or even a change in market conditions, cannot be used to not follow the commitment.”A Stelco flag flies beside a Canadian flag at the steel production facility in Hamilton, Ont., on Monday, February 10, 2025.

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