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A plan to save 500 of 1,050 at-risk Algoma Steel jobs is under discussion, pending government approval.
A plan is being developed to potentially save up to 500 of the 1,050 jobs at risk at Algoma Steel in Sault Ste.
Marie, Ontario, according to union leader Bill Slater.
The proposal, which involves expanding production capacity through a government-backed loan, is still under discussion and has not been confirmed by the federal government or the company.
The layoffs, effective March 23, 2026, stem from Algoma’s shift to electric arc furnace technology, which made coke ovens obsolete.
While U.S. tariffs accelerated the timeline, job losses were anticipated since the transition began.
The government has provided $420 million in green investment and additional loans totaling $500 million, but no conditions were attached requiring job retraining or mitigation plans.
Despite the lack of a formal plan, reskilling programs are expected to help reemploy 500 workers by late 2026.
Industry Minister Mélanie Joly visited the site and met with company and union representatives, but no official details have been released.
Workers remain uncertain about their futures as the outcome is still pending.
Un plan para salvar 500 de los 1.050 puestos de trabajo en riesgo de Algoma Steel está en discusión, pendiente de la aprobación del gobierno.