Cleveland Cliffs made a commitment to the Canadian government to protect Canadian jobs for at least five years upon acquiring Stelco.
Posted by Your World Tonight, Checked
- Sources
- 3 support2 context
- Said
- 1 time·
- Confidence
- 95%
Your World TonightOct 28, 2026
The claim is supported: Cleveland-Cliffs' 2024 Investment Canada Act approval for buying Stelco was conditioned on binding five-year employment undertakings made to the Canadian government, and the government, AP and Reuters all describe those commitments. The extraction is a faithful paraphrase of the post, and the attribution to Joly does not change the core assertion.
The played clip relays this claim without endorsing it. It counts as passed on, not against the post.
What was said
… Firm had its own reasons for acquiring Stelco back in 2024. So I'm what scale could be, because I could not afford anymore having flood in the market here in the United States to the detriment of my own company. Jolie says when it bought Stelco, Cleveland Cliffs made a commitment to protect Canadian jobs for at least five years. To her, the CEO's comments raise new questions. Last words by the president of Celco and flee made us contact our lawyers to to see a what could be the consequences of such confession. …
Your World Tonight · · from the transcriptPost →What we found
Supports. The Government of Canada's 2024 ministerial statement says the Investment Canada Act approval of the Stelco acquisition was contingent on binding, five-year undertakings, including continuing to employ at least the same number of unionized employees and most non-unionized employees.[3]
Supports. Reuters reports that Ottawa's October 2026 letter says the planned job cuts violate employment commitments Cleveland-Cliffs made when it bought Stelco, and the company denies the charge.[1]
Supports. AP reports that the federal government approved the takeover in October 2024 on the condition that Cleveland-Cliffs meet legally binding five-year employment commitments.[2]
Context. The company disputes that it breached the commitments and says it is in full compliance with its 34 undertakings, but this dispute concerns compliance, not whether the commitments were made.[4][5]
Sources
5 sources: 2 fact-checkers, 3 not rated
- 1Canada gives Cleveland-Cliffs 15 days to reverse planned job cutsreuters.com · fact-checker · cited for: supports
- 2Carney accuses US steelmaker of betraying Canadian workers after layoffs tied to Trump tariffsapnews.com · fact-checker · cited for: supports
- 3Ministerial statement on the Investment Canada Act review of ...canada.ca · not rated · cited for: supports
- 4Ottawa demands plan to restore Stelco jobs before meeting Cleveland-Cliffs CEOthecanadianpressnews.ca · not rated · cited for: context
- 5Cleveland-Cliffs says Stelco in full compliance, seeks ...cjme.com · not rated · cited for: context
Where this claim was made
Said in 1 published post
Related claims
- Cleveland Cliffs acquired Stelco in 2024.True
- Cleveland Cliffs plans to lay off up to 500 workers at its Canadian Stelco operations.True
- The federal government and Ontario have announced a $9 billion partnership to support the steel, auto, and critical mineral sectors.True
- The European Union's carbon tariff mechanism could increase the cost of Canadian steel by roughly 10%.Can’t tell
- The European Union is planning tariffs on Canadian steel.True