Cleveland-Cliffs Inc faces potential legal action from Canada after announcing up to 500 layoffs at an Ontario steel plant on the afternoon of Sept. 29. The move breaches a five-year binding employment agreement signed during a $2.4B acquisition in 2024. Canadian Prime Minister Mark Carney condemned the decision as a betrayal of local workers.
Canada Criticizes Cleveland-Cliffs Over Layoffs
Canadian Prime Minister Mark Carney accused Cleveland-Cliffs of betraying workers after the U.S. owner announced layoffs at an Ontario steel plant. The company cited U.S. tariffs for the cuts, while Ottawa threatened legal action over broken commitments.
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