The Aporia
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Stelco Holdings Inc., a major steel manufacturer owned by U.S.-based Cleveland-Cliffs Inc., has announced plans to lay off 350 workers at its Hamilton plant in Ontario. The layoffs are part of a broader strategy to concentrate production at the Lake Erie Works plant in Nanticoke, starting October 9th. United Steelworkers Local 1005 president Ron Wells expects job losses to affect up to 500 employees between both plants due to U.S. tariffs and weak demand. Ontario’s Minister of Economic Development, Vic Fedeli, revealed that the Ford government was informed days before the announcement but emphasized no definitive decisions were made until workers were officially notified. Prime Minister Mark Carney has condemned Stelco's decision as a "betrayal" and vowed to explore legal options against the company for breaching its job-maintenance commitments in Canada.