Stelco to Lay Off Hundreds of Workers at Hamilton Plant
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Stelco Holdings Inc. has announced it will partially idle its Hamilton plant, leading to the layoff of hundreds of workers. The decision, attributed to 'market uncertainty' and 'prolonged injury' from steel imports, will impact around 500 employees. The company cited ongoing U.S. tariffs as a primary reason for the move. The layoffs will begin on October 9, affecting both the cold mill and coating lines, and may spread to the Nanticoke plant. The union representing the workers criticized the decision, stating it was 'like spitting in our face.'
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