Cleveland-Cliffs Confirms Full Compliance with Stelco Undertakings
Cleveland-Cliffs confirmed that subsidiary Stelco is in full compliance with all 34 undertakings made under the Investment Canada Act in connection with Cliffs' acquisition of Stelco. Employment commitments are being exceeded: Stelco expects 1,879 bargaining-unit FTEs versus a required 1,766, and 627 salaried FTEs versus a required 603. Stelco has requested a meeting with Industry Minister Mélanie Joly to discuss resuming full employment of 175 temporarily laid-off Hamilton workers; the Minister has not yet responded.
Key figures
- Undertakings count
- 34
- Salaried fte expected
- 627
- Salaried fte required
- 603
- Bargaining unit fte expected
- 1879
- Bargaining unit fte required
- 1766
- Temporarily laid off hamilton workers
- 175
AI analysis
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