Algoma Steel, one of Canada’s largest steel producers, has issued 1,000 layoff notices at its Sault Ste. Marie plant, just over two months after receiving $500 million in government loans aimed at protecting jobs and modernizing operations. The funding, $400 million federal and $100 million from Ontario, is intended to support the company’s transition to electric-arc furnace technology, which is expected to reduce greenhouse gas emissions by up to 80%.
Industry experts say the layoffs were anticipated due to the labor-light nature of the new technology, and accelerated by U.S. steel tariffs that disrupted cash flow. Union leaders have criticized the loans for not being tied to employment guarantees. Algoma’s CEO confirmed that the government was aware of the company’s long-term plan to phase out blast furnace operations.
The loans are part of a broader effort to maintain Canada’s steel industry and advance environmental upgrades, even as workforce reductions become unavoidable.
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