Business3 sources
Canada Considers Blocking Stelco Layoffs by Cleveland-Cliffs
- Cleveland-Cliffs plans to lay off up to 500 workers at Stelco in Hamilton and Nanticoke, Ontario.
- The layoffs are attributed to the Canada-U.S. trade war, new technologies, and changing demand dynamics.
- Cleveland-Cliffs CEO blames Canada for the layoffs.
- Canada is considering measures to block the layoffs.
- The steel industry is experiencing a significant reduction in workforce due to various factors.