Algoma Steel announces 1,000 layoffs as U.S. tariffs force early transition to new production model
Algoma Steel says it will lay off roughly 1,000 employees as the company accelerates a major shift in its operations to respond to steep U.S. trade tariffs. The Sault Ste. Marie–based producer confirmed the notices were issued Monday, with the cuts taking effect in March.
Company representatives say the 50 per cent tariff imposed by the United States last year sharply reduced access to its largest export market. With about 2,700 employees, Algoma has been among the Canadian steelmakers most affected by the ongoing trade dispute, which replaced a previously integrated North American steel sup...
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