Job promises made by Stelco Holdings Inc.’s American parent company when it acquired the beleaguered steel maker are legally binding — but whether this week’s layoffs violate them depends on terms that have not been made public, according to legal and policy experts.
Cleveland-Cliffs’ takeover of Stelco was approved in 2024 contingent on a number of mandatory, five-year commitments, including maintaining at least the same number of unionized workers and most non-unionized employees as when the deal was announced.
Business lawyer Nassira El Hadri said Wednesday the company’s plan to cut up to 500 workers at its Hamilton and Lake Erie facilities in Ontario could prompt legal action.
Last Updated on 2026-09-30 22:03 EDT