Hamilton’s steelworkers are likely not in danger of being hit by the type of massive, abrupt job cuts announced at tariff-battered Algoma Steel this month, experts say — but they warn local layoffs ...

When it comes to the $500 million in loan guarantees the federal and Ontario governments gave to Algoma Steel in September, we now know they treated taxpayers who were financing them like mushrooms.

Displacing jobs happens all the time as entrepreneurs introduce innovation and disruptive processes. Whether subsidized or not, creative destruction is at the heart of the free market. (Credit: Sean ...

News that Ontario-based Algoma Steel will be laying off 1,000 workers from its plant in Sault Ste. Marie in March generated the usual grim interpretations. Appearing on CTV’s Power Play panel, former ...

Premier Doug Ford’s government is on the defensive over a $100 million loan to Algoma Steel now that the Sault Ste. Marie company has announced it is laying off 1,000 workers — about 40 per cent of ...

The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. Just over two months ...

Ontario Premier Doug Ford acknowledged that his government was aware that massive layoffs at Algoma Steel were imminent, well before the province agreed to loan the company $100 million in taxpayer ...

SAULT STE. MARIE - A day after his company announced plans to let go of more than 1,000 workers, the CEO of Algoma Steel said Tuesday he recognized the need to accelerate the company’s plan to lower ...

SAULT STE. MARIE — Algoma Steel is laying off more than a third of its workforce as it accelerates a transition to new equipment in response to U.S. tariffs. The company started issuing some 1,050 ...

OTTAWA—Algoma Steel said it would eliminate about 1,000 jobs, or about a third of its workforce, as the company shuts down production from its blast furnace and coke ovens that became financially ...

Algoma Steel said it will lay off 1,000 workers and close its blast furnace and coke operations in Sault Ste. Marie in the coming months due to U.S. tariffs. The company reported a 13% sales drop and ...

Canadian steelmaker Algoma Steel Group Inc. will let go of 1,000 employees and close its blast furnace in northern Ontario within months as it seeks to stem losses resulting from US tariffs. The ...