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Algoma Steel Announces Over 1,000 Layoffs Amid Tariffs and Transition

  Reeling from high tariffs imposed by U.S. President Donald Trump, Algoma Steel confirmed Monday it has issued layoff notices to about 1,000 workers.  Algoma Steel, a major employer in Sault Ste. Marie, Ontario, has confirmed plans to lay off more than 1,000 workers in the coming months. The company issued 1,050 layoff notices as part of its decision to shut down its blast furnace and coke oven operations, accelerating its transition to electric arc furnace (EAF) technology. The layoffs, expected to take effect by March 23, 2026 , come as Algoma faces mounting financial pressures. The company reported nearly half a billion dollars in losses last quarter and cited “unprecedented tariffs” imposed by the United States as a key factor in reshaping its competitive landscape. Union leaders from United Steelworkers Locals 2724 and 2251 confirmed the layoffs, noting that while the workforce had anticipated job reductions tied to the EAF transition, the U.S. tariffs accelerated ...
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TTC Strike Averted: Framework Agreement Reached Between Union and Management

 

In a last-minute development, the Toronto Transit Commission (TTC) and the Amalgamated Transit Union (ATU) Local 113 have reached a “framework settlement,” effectively averting a planned strike. The agreement comes after intense negotiations and addresses critical issues such as job security, protections against job outsourcing, and benefits for active members and pensioners.

The TTC’s buses, streetcars, subways, and Wheel-Trans vehicles will operate normally on Friday, providing relief to the city’s 1.3 million transit users. However, the finalized details of the framework remain undisclosed, pending further work and ratification by union members. The mood at the bargaining table has been one of frustration, with the union emphasizing the need for progress and alignment with transit delivery goals.

While the strike has been averted, the TTC’s role in delaying the framework agreement has drawn criticism. Transit riders can breathe a sigh of relief, but the focus now shifts to ensuring a fair and reasonable contract for all parties involved.



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