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Though Prime Minister Mark Carney said he will use “the fullest extent of the law” to hold the steel company to its commitments, chief executive Lourenco Goncalves said that his company’s plans to lay off 500 workers were caused by issues beyond his control. (The Globe and Mail)
Talking point: The company and the government are at odds over the response to the U.S. trade war, and jobs are on the line. Goncalves said he “believed in Canada,” but also supports U.S. President Donald Trump’s protectionist policies, and would like to see the Canadian government reach a trade deal with the U.S. to restore the market for galvanized steel. Officials have said that Goncalves turned down federal funding for the Canadian plant. The government previously sued U.S. Steel over job and production promises when the company acquired Stelco, reaching a settlement in 2011.
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