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CHIMO Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-06-09 04:22 PM
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Canada issues warning to U.S. Steel
OTTAWA – Industry Minister Tony Clement is warning U.S. Steel that Ottawa may take legal action against the company over its temporary lay-off of Canadian workers.

In a letter to the company today, Clement said U.S. Steel must live up to the commitments on production and other business dealings the firm made when it was allowed by the federal government to take over Stelco Inc. in 2007.

"I am concerned by the actions of U.S. Steel in cutting operations in Canada and by the impact this will have on its workers," Clement said in the letter, which is the first step in the enforcement process under the Investment Canada Act that governs foreign acquisitions of Canadian corporations.

"While I recognize that these are challenging economic times, we expect the company to live up to its commitments."

http://www.thestar.com/business/article/629921
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