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Explore entrepreneurship, employment, consumer trends and the decisions that shape livelihoods. We connect corporate strategy and economic developments to the practical realities of building a business and making a living.

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Cleveland-Cliffs Bought Stelco With a Promise to Protect Jobs. Canada Says 500 Layoffs Break the Deal.

When Cleveland-Cliffs bought Canadian steelmaker Stelco for about $2.5 billion in 2024, employment commitments helped secure federal approval of the acquisition. Two years later, those commitments are becoming the center of a fight between the company and Canada over plans to eliminate as many as 500 jobs. Wall Street Journal reporter Robb M. Stewart reported Friday that Prime Minister Mark Carney’s government is weighing legal options that could include fines and even a forced sale of assets.

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