Canada should consider nationalizing Stelco amid layoffs, expert says

Stelco Holdings Inc. has begun issuing layoff notices at its Hamilton, Ontario steel plant as it moves ahead with plans to cut up to 500 jobs. The company is proceeding despite the federal government's threat of legal action against its parent company, Cleveland-Cliffs Inc. Nicolas Lamp, associate professor at Queen's University Faculty of Law, speaks with Nivrita Ganguly about the impact on Canada's steel industry. He suggests that one option for the government could be nationalizing Stelco.

• Stelco has started issuing layoff notices at its Hamilton, Ont. plant, with up to 500 workers affected
• The federal government has threatened legal action against parent company Cleveland-Cliffs Inc.
• Expert Nicolas Lamp discusses the impact on Canada's steel industry
• Lamp suggests nationalizing Stelco as one possible path forward

Stelco Holdings Inc. began handing out layoff notices this week at its Hamilton, Ont., steel plant as the company moves ahead with plans to lay off up to 500 workers. The company is moving forward with the plan despite the federal government’s threat of legal action against its parent company Cleveland-Cliffs Inc. Nicolas Lamp, associate professor at Queen’s University Faculty of Law, discusses the impact on Canada’s steel industry with Nivrita Ganguly, and suggests one path forward for the government could be nationalizing Stelco. For more info, please go to https://globalnews.ca/news/12093133/stelco-job-cuts/ Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on TikTok HERE: https://www.tiktok.com/@globalnews.ca?lang=en #stelco #layoffs #GlobalNews