Algoma News Today. Recommended Videos Algoma Steel to lay off 1,000 workers, union sa
Recommended Videos Algoma Steel to lay off 1,000 workers, union says Algoma Steel is laying off more than a third of its workforce as it accelerates a transition to new equipment in The federal and Ontario governments have pumped hundreds of millions of dollars of financial loans and other support into Sault Ste. Algoma Central Corporation, the company that owns the Algoma Guardian, provided a brief statement on the incident, but declined to comment on what caused this close call. , Canada’s only Investing. In total, 1,552 stories have been Rep. Lucy came to Wawa with her husband Maurice Lachapelle, who was killed in an industrial accident at Algoma Ore. Today's news was not so good. The federal government announced a $400-million financial support for Algoma Steel under its large enterprise tariff relief scheme, Jobs Algoma is now expected to close its blast furnace and other relics of traditional steelmaking sooner than originally planned, moving more quickly They have a plan for a second steel plate line and to make I-beams for infrastructure, Fedeli said. Weather: Today – A mix of sun and cloud. with a “hold” rating and a price target of C$6 per share, representing 6% upside from the Algoma Steel, one of the largest steel manufacturers in Canada, has announced it will be laying off 1,000 workers in the coming months, roughly Federal Opposition Leader Pierre Poilievre has blamed a "bait-and-switch" by Prime Minister Mark Carney for causing the layoffs of 1,000 Ontario Premier Doug Ford said Wednesday that he was aware of massive layoffs at Algoma Steel before the province agreed to loan $100 million Reeling from high tariffs imposed by U. -based Algoma Steel Inc. SooToday offers fast, reliable news updates, local sports, obituaries, and events delivered right to your device. Marie, Ont. 30% chance of flurries this afternoon. “Algoma is aware You deserve a raise for being respectful and not burying the end of my driveway since I have already removed the snow! I appreciate you! Kevin Pierre and 61 others 62 6 1 Algoma The city finds itself in national news headlines because Algoma Steel accelerated its transition to electric arc steelmaking, and in the process in March will cut loose around 1,000 workers. High -16. . 1947-2025 The family of Marilyn Eva (Scott) Bugyra share the sad news of her sudden passing on the evening of Thursday, December 11th in Sault Ste. Marie, News about Wawa, Ontario Stay current with all the latest and breaking news about Wawa, Ontario, compare headlines and perspectives between news sources on Jefferies, tarifeler dönüşümü gölgelerken Algoma Steel için "tut" tavsiyesi başlattıŞirket, yakın zamanda ilk üretimini gerçekleştiren 990 milyon Kanada doları değerindeki yatırımla yüksek fırın Reeling from high tariffs imposed by U. Wind Stay current with all the latest and breaking news about Algoma, compare headlines and perspectives between news sources on stories happening today. Wind becoming northwest 20 km/h this morning. Never miss a beat in Sault Ste. President Donald Trump, Algoma Steel confirmed Monday it has issued layoff notices to about Algoma Steel Announces First Arc and First Steel Production from its New Electric Arc Furnace Unit One July 10, 2025 PDF Version SAULT STE. Glenn Grothman defended tax cuts, Trump’s executive orders, and the new DOGE agency, facing strong pushback from constituents at 10 ° Light Snow Forecast Serving Algoma, Casco, Kewaunee, Luxemburg and all of Kewaunee County Advanced search Jefferies initiated coverage of Algoma Steel (ASTL) with a Hold rating and C$6 price target The company is transitioning its steelmaking, which should increase its volumes from higher value Find the latest Algoma Steel Group Inc. In total, 1 stories have been published about Algoma Steel Announces First Arc and First Steel Production from its New Electric Arc Furnace Unit One July 10, 2025 PDF Version SAULT STE. com -- Jefferies in a note dated Friday has initiated coverage on Algoma Steel Group Inc. President Donald Trump, Algoma Steel confirmed Monday it has issued layoff notices to about Monday was a good-news kind of day at Algoma Steel. “We’re working with the feds and Algoma in a three-way partnership to fund these two things Algoma Steel says it has issued 1,000 layoff notices to workers at its plant in Sault Ste. S. She leaves behind a lifelong friend, Gerry Stay current with all the latest and breaking news about Algoma District, compare headlines and perspectives between news sources on stories happening today. Marie. (ASTL) stock quote, history, news and other vital information to help you with your stock trading and investing.