Stelco Said to Proceed With Ontario Layoffs Despite Government Ultimatum

Stelco, a Cleveland-Cliffs unit, is said to be moving ahead with hundreds of layoffs across its Ontario production operations despite the government’s demand that it avoid the cuts. The company was reported to have informed the Canadian government that it would proceed with the planned job cuts after Ottawa issued the ultimatum earlier this week. The planned cuts would affect Stelco’s Ontario operations. The exact number of affected employees and the implementation date were not specified. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost