Mr. Speaker, the sale of Stelco to Bedrock Industries has finally been approved. It is good news for Hamilton, and it is good news for the workers and some pensioners. The deal was not perfect. Health benefits for some pensioners will be funded at 70%, and workers' pensions depend on the sale of badly contaminated land.
Improving the deal would have required the involvement of the federal government, but the present government refused to get involved, despite repeated calls for help.
Marty Warren, Steelworkers District 6 director, summed it up by commenting on the Bedrock deal, “The federal government has not been engaged and has not offered any material support—neither in this case nor to help other communities across the country hurting from the steel crisis. Essar Steel Algoma...is operating under CCAA protection and other steelmakers have cut jobs and production, but our federal government is missing in action.”
The present government needs to stand up for the Canadian steel industry, workers, and pensioners. It needs to stop the double-talk and get to work.