CANADA - The Ontario government has pledged a C$100m contribution to the employee pension plans of Stelco, Canada's largest steel producer, which is currently in bankruptcy protection, as part of the company's restructuring agreement.
In exchange, the company will double its proposed upfront contribution to the plans to $400m. In July, Stelco proposed contributing $200m. In addition,Stelco has agreed to make fixed annual cash fu...
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