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Carbon tax didn't cause Algoma Steel layoffs: Garcia
Algoma Steel blames U.S. 50% tariffs for over 1,000 layoffs and accelerated shift to electric arc furnace, despite $500 million government loans supporting survival.
Summary by SooToday.com
5 Articles
5 Articles
Editorial: Public kept in dark about Algoma Steel layoffs - Take our poll
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.
·Sault Ste. Marie, Canada
Read Full ArticleGovernment Knew About Algoma Layoffs Before $500M Bailout, CEO Confirms
Federal and provincial governments knew Algoma Steel planned to lay off workers when they provided $500 million in loans in September, the company’s CEO confirmed Tuesday, despite publicly promoting the bailout as a measure to “protect Canadian steel jobs.” Algoma Steel CEO Michael Garcia told CTV’s Power & Politics that both levels of government understood the company’s business plan included significant workforce reductions before they agreed …
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Total News Sources5
Leaning Left2Leaning Right2Center0Last UpdatedBias Distribution50% Left, 50% Right
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
50% Right
L 50%
R 50%
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