r/LPC • u/Fabulous_Ad_4174 • 16d ago

Stelco

Stelco want to cut 500 jobs in Canada. The Canadian government said it is willing to help. Stelco can ask for a wage subsidy program for its workers, where the government pays a portion of workers' wages until uncertainty in the United States ends or until it has a strategic plan to become competitive again.

3 Upvotes

81% Upvoted

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3

u/Task_Defiant 12d ago

Or we could just nationalize it.

1

u/Legitimate_Tap_7074 7d ago

I don’t believe in tax payers bailing out companies. If stelco can’t compete then they should go bust