Canada issues formal demand for Cleveland-Cliffs to abandon Ontario layoffs, threatens forced sale

Canada's Industry Minister Melanie Joly issued a formal demand for Cleveland-Cliffs to abandon planned layoffs at two Ontario facilities, citing a violation of commitments made during its 2024 acquisition of Stelco. The government gave the company 15 days to comply, warning of significant fines or forced divestiture of its Canadian operations.

Detected & updated continuously · Source: Nebula