Joly warns Stelco owner to protect jobs or face forced sale of Canadian assets

The Canadian Press: In a speech at the Canadian Club in Toronto, she also raised the possibility of the federal government taking equity positions in strategic industries.

But Joly stopped short of explicitly saying Ottawa was prepared to take an ownership stake in Stelco.

…“Cleveland-Cliffs must uphold its commitments, full stop,” she said. “We will apply the full force of the law and every tool in the toolbox to ensure that this strategic capacity remains operational.”

Joly added: “They must keep the jobs in Canada or face the prospect of having to sell their Canadian assets.”…

Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
×