Yayın dökümü 0:09 On October 8th, we reported Ottawa's job-saving ultimatum. 0:13 Now Stelco's layoffs are underway. 0:15 Hundreds of workers face losing their wages while the government says their jobs 0:19 carry legally binding protection. 0:21 Can Ottawa enforce that promise quickly enough to protect their employment? 0:24 More than 300 Hamilton workers are expected to be affected over three weeks. 0:28 That's the projected impact as the layoffs roll out. 0:31 Earlier union estimates put it at 300 to 350, with the cuts arriving in three 0:36 rounds. 0:37 Cleveland Cliffs has indefinitely idled Hamilton Works' cold-rolled and coded 0:41 operations. 0:42 Those are the operations affected by the shutdown announcement. 0:45 Layoff notices started reaching workers before the holiday weekend, and employment 0:49 is ending during it. 0:50 The union warns that some workers could receive notice and be laid off the same day. 0:54 The first effective cuts have been dated October 9th and October 11th. 0:58 Notices arriving and jobs ending can happen on different days. 1:01 The larger projection reaches up to 500 jobs. 1:04 One estimate places those cuts among Hamilton's approximately 600 jobs. 1:08 Another spreads the same ceiling across Hamilton and Nanticoke. 1:12 The allocation remains unsettled, and adding those estimates together would count 1:16 the projection twice. 1:17 The three-week rollout doesn't tell us whether every other potential cut will 1:21 happen. 1:21 Workers are already losing employment, but the final total will depend on how the 1:26 remaining layoffs, transfers, and possible recalls unfold. 1:29 Stelco says its cuts comply with its acquisition commitments and calls Ottawa's 1:33 breach allegation false. 1:35 President and General Counsel Paul Simon wrote back to Industry Minister Milani 1:39 Jolie. 1:40 She says the obligations are binding. 1:42 A court hasn't resolved their disagreement. 1:44 Ottawa describes a five-year promise to maintain employment levels, including 1:48 unionized employment. 1:50 The agreement has also been described as barring layoffs until 2029. 1:54 The full undertaking hasn't been made public. 1:56 Its baseline and exceptions will determine how an employment level promise applies 2:00 to these individual job losses. 2:02 Ottawa demanded a plan to preserve Canadian jobs within five business days. 2:06 October 13th is also the reported deadline for reversing the layoffs. 2:10 Those demands could require different action. 2:13 The complete letter and its deadline counting terms haven't been released. 2:16 Jolie is reviewing Stelco's response and says all options remain on the table. 2:20 So far, the company has answered by defending its compliance and proceeding with the 2:24 cuts. 2:25 Ottawa's ultimatum hasn't produced a reversal. 2:27 Cleveland Cliffs completed the takeover on November 1st, 2024. 2:32 Final approvals under the Investment Canada Act and Strategic Innovation Fund came 2:36 on October 30th. 2:38 François-Philippe Champagne was industry minister. 2:41 Stelco became a wholly owned subsidiary of the American company. 2:44 At closing, Cleveland Cliffs said it was preserving Stelco's name, an iconic 2:48 Canadian legacy. 2:49 Ottawa now says the takeover also carried enforceable employment commitments. 2:54 The argument is over how those commitments protect the people who keep the business 2:57 running. 2:58 The acquisition accounting lists $2,450 million in cash, $343 3:04 million in share exchange consideration and $415 million in debt consideration. 3:09 That totals $3,208 million in purchase consideration. 3:13 The table doesn't identify the currency. 3:15 A separate entry explicitly puts the cash consideration at $3,418 million 3:21 Canadian dollars. 3:22 It also lists a consideration share price of $60 Canadian dollars. 3:26 These figures describe the completed takeover. 3:29 Ottawa hasn't named a price for a federal purchase today. 3:32 The consideration share count includes outstanding Stelco shares and share-based 3:36 compensation awards. 3:38 That helps explain what the acquisition accounting covers. 3:40 A future offer for the Canadian assets would have to be negotiated on its own terms. 3:44 Prime Minister Mark Carney hasn't ruled out a federal purchase. 3:47 United Steelworkers would support nationalization if it saved jobs. 3:51 Queen's University professor Nicholas Lamp argues that public ownership could buy 3:55 time and transparency with decisions serving Canada's national interests. 3:59 Ottawa has also raised legal action seeking a forced sale of Canadian assets. 4:03 A court-ordered sale would require the owner to dispose of assets. 4:06 A federal purchase would put the government in the buyer's seat. 4:09 Both remain possibilities. 4:11 The investment law provides for monetary penalties, but one legal expert thinks 4:15 litigation would probably do little to stop these cuts, even if it revealed more 4:19 about the company's reasons. 4:20 A threatened court case hasn't yet delivered protection for these workers. 4:23 Cleveland Cliff's chief executive Lorenco Goncalves blames the U.S. 4:27 trade war, tariffs, and reduced demand. 4:30 He has dismissed nationalization. 4:32 The union disputes the claim that there isn't enough work. 4:35 Hamilton Union President Ron Wells says not everyone has received formal 4:39 notification. 4:39 The union says Canadian customers offered substantial business. 4:43 Jolie has challenged Goncalves for publicly supporting U.S. 4:46 steel tariffs, then invoking the trade war to justify these cuts. 4:50 Their disagreement reaches beyond the promises to the commercial choices behind the 4:53 layoffs. 4:54 Worker Mike Watt alleges that Canadian orders went unfilled while steel slabs were 4:58 sent to the United States. 4:59 He says companies in British Columbia wanted stelco steel. 5:03 Customer orders and shipping records haven't settled those allegations or the 5:06 dispute over demand. 5:08 Watts said earlier that he expected his notice the next day. 5:11 In his later interview, he said he had received it on his last day at work. 5:15 He described a shock after 21 years at Hilton Works, with little information from 5:19 management. 5:20 Watt worries about supporting his family. 5:22 While the bills keep coming, he's already applying for jobs, including in Alberta, 5:26 and says he blames no single party. 5:28 The same worker is called Mike Watts in his later interview. 5:31 Cleveland Cliffs says a significant number of affected Hamilton employees could move 5:35 to Lake Erie Works in Nanticoke. 5:37 It's about an hour's drive from Hamilton. 5:40 The union is skeptical and says there are few openings. 5:42 The number of actual transfer offers is unclear. 5:45 Watts says applying for a Lake Erie job could reset his 21 years of seniority to 5:50 zero. 5:50 He says he'd retain six weeks of holidays. 5:53 Those are his descriptions of the transfer terms, which haven't been confirmed in an 5:57 agreement. 5:57 Some discussion of transfers involved roughly 350 affected Hamilton workers. 6:02 That figure counts workers affected rather than offers accepted. 6:05 For Watts, a move could bring a longer commute while stripping away seniority 6:09 accumulated over more than two decades. 6:11 Watts said workers could collect employment insurance and receive a $250 union 6:16 top-up. 6:17 He understood the contract to delay severance for 35 weeks, but qualified that 6:21 understanding. 6:22 The payment terms and severance provision haven't been confirmed, leaving families 6:25 unable to calculate their replacement income. 6:27 Gon Calves has tied recalls to a Canada-U.S. 6:30 steel trade agreement. 6:31 Workers could return if a deal is reached. 6:34 Watts says he doesn't know whether he'll get his job back and calls the situation 6:38 blackmail, his description of jobs being used as leverage. 6:41 Ottawa hasn't secured a reversal and Stelco continues to dispute a breach. 6:45 Whether enforcement can protect these jobs quickly is still unresolved. 6:48 October 13th is the next reported deadline. 6:51 Workers are losing employment during the period Ottawa says its employment promise 6:55 protects.
Kim neyi bildirdi Anlatımların çeliştiği yerler CBC News diyor ki 8 Eki 15:09 UTC The government says its commitments include maintaining the same level of unionized workers. CTV News diyor ki 11 Eki 2:39 UTC Cleveland Cliffs had committed to keeping employment levels steady for five years. Global News diyor ki 17 Eki 22:30 UTC A 2024 agreement associated with Cleveland-Cliffs’ purchase of Stelco required the company to maintain the same number of unionized jobs in Canada for five years. CBC News diyor ki 11 Eki 19:24 UTC Conalves said Stelco's employment undertakings do not require it to maintain the same employment level every day for five years. Global News diyor ki 13 Eki 2:00 UTC Stelco denied breaking promises associated with its sale in 2024 and said the situation was beyond its control. Birden fazla yayın organının bildirdiği maddeler ≠ Five-year commitment to maintain Stelco employment levels Anlatımlar çelişiyor · 3 yayın organı ≠ Stelco disputed that its undertakings barred layoffs Anlatımlar çelişiyor · 2 yayın organı Stelco cited U.S. tariffs as a cause of potential job losses 4 yayın organı ✓ Stelco began laying off staff over Thanksgiving weekend Bağımsız olarak doğrulandı · 3 yayın organı Ottawa gave Cleveland-Cliffs five business days to provide a job-saving plan 3 yayın organı ✓ Planned layoffs at Stelco plants Bağımsız olarak doğrulandı · 3 yayın organı Cleveland-Cliffs cited trade pressures for planned job cuts 3 yayın organı Government said planned layoffs breached binding commitments 3 yayın organı Mike Watts said he received a layoff notice on his last workday 3 yayın organı Government reviewed Stelco’s response with all options open 3 yayın organı Ron Wells suspects the layoffs are intended to pressure Ottawa into a trade deal. 3 yayın organı ✓ Joly warned of legal action over the planned layoffs Bağımsız olarak doğrulandı · 2 yayın organı ✓ Stelco began issuing layoff notices at its Hamilton plant Bağımsız olarak doğrulandı · 2 yayın organı Expected number of workers affected over three weeks 2 yayın organı Joly raised forcing a sale of Stelco’s Canadian assets 2 yayın organı Government said it could go to court to enforce Stelco commitments 2 yayın organı Planned job cuts across Hamilton and Lake Erie Works 2 yayın organı Joly outlined possible remedies for Stelco commitment violations 2 yayın organı Ottawa threatened court action if layoffs proceeded 2 yayın organı Financial penalties were a possible remedy 2 yayın organı Government sought a faster solution to save the Hamilton plant 2 yayın organı Michael Watt said he had worked at the job for more than 20 years before being laid off. 2 yayın organı Mike Watt said he was applying for jobs, including in Alberta. 2 yayın organı Cleveland-Cliffs said weaker demand, trade challenges and imported-steel competition were among the… 2 yayın organı Her satır, o yayın organının haberinden kaydettiğimiz iddiadır. 18 Ekim 2026 00:02 UTC itibarıyla karşılaştırıldı.
