US EditionAlgoma Steel to Lay Off 1,000 Workers in Coming Months, Union Says
Algoma Steel will close integrated blast furnace operations and cut 1,000 jobs by March 2026 due to 50% U.S. tariffs that cut sales 13%, the company said.
- On Dec. 1, Algoma Steel Group Inc. issued approximately 1,000 layoff notices at its Sault Ste. Marie plant, effective March 23, 2026, as it closes blast furnace and coke operations for an early 2026 Electric-Arc Furnace transition.
- Algoma said 50% U.S. tariffs imposed last summer caused a 13% sales decline and $64.1 million tariff expense, sharply limiting access to the U.S. market.
- Mike Da Prat said United Steelworkers Local 2251 issued 900 layoff notices, leaving around 1,930 members, while Bill Slater said Local 2724 expects 150 layoffs with recall rights after at least 35 weeks.
- In September, it was announced Algoma Steel received C$500 million in loans from the Canadian federal government and Province of Ontario, with officials vowing retraining and POWER centre supports.
- As a result of these pressures, Algoma says it will end integrated blast-furnace operations in early 2026; as of December 31, 2024, it had 2,780 full-time employees, with layoffs impacting one third of Sault Ste. Marie’s manufacturing workforce.
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The Chief Executive Officer of Algoma Steel states that he was aware of the need to speed up the company's cost reduction plan long before customs duties came into effect, while the company plans to lay off more than 1000 employees.
Algoma Steel to Lay Off 1,000 Workers in Coming Months, Union Says
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 layoff notices Monday morning, said Bill Slater, president of United Steelworkers Local 2724, including about 150 to his members. “There’s going to be a lot of transition for people and it won’t be a happy transition,” he said. He said the size of the layoffs will also b…
Canadian steel company Algoma to lay off 40 per cent of workers, blames Trump tariffs
The northern Ontario company said on Monday that it is closing its Sault Ste. Marie’s blast furnace and coke-making operations in early 2026 as part of its transition to electric arc furnace steelmaking.
The company reported nearly half a billion dollars in losses in the last quarter.
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