Stelco facing ?dramatic? changes

Article Abstract:

Stelco Inc., which is led by new president and chief executive officer James Alfano, is expected to launch a major cost cutting program. Stelco reported a second quarter loss of $82 million, raising its losses for the last six months to $126 million.

Financial management, Finance, Company financing, Alfano, James

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Stelco's activist directors removed

Article Abstract:

Mr. Justice James Farely of superior court removed Roland Keiper and Michael Woollcombe from the board of directors of Stelco Inc. A report is presented on the details of the decision based on the Companies' Creditors Act of Canada.

Blast furnaces and steel mills, Appointments, resignations and dismissals, Beliefs, opinions and attitudes, Superior court judges, Keiper, Roland, Woollcombe, Michael, Farley, James

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Stelco to lay off a total of 435

Article Abstract:

Stelco Inc. lays-off 435 employees. Company officials announced a third quarter loss of $19 million citing the quarterly loss, bad economic conditions, and bleak forcasts for the fourth quarter as reasons for their actions.

Labor force information, Sales, profits & dividends, Primary Iron & Steel, Iron and Steel Mills and Ferroalloy Manufacturing, Blast Furnace and Basic Steel Products, Reports, Company Profile, Layoffs

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