Stelco penalties including fines, forced sale possible over layoffs:
Industry Minister Mélanie Joly said Stelco could face financial penalties or even a forced sale of their assets in Canada if they proceed with layoffs of up to 500 workers.
Speaking to reporters after an event in Ottawa on Wednesday, Joly said the federal government is continuing to work with the company on a solution, but “everything is on the table,” including legal action.
“We expect Stelco to follow the undertakings that they’ve committed to, to the Government of Canada, and right now, a business decision or even a change in market conditions cannot be used to not follow the commitment. So we’re reviewing the Stelco letter,” Joly said.
https://globalnews.ca/news/12101944/stelco-fe...al-action/