Algoma Steel CEO: Feds knew about plans for layoffs before giving $400M loan
The head of Algoma Steel says the federal government and Government of Ontario knew the company’s business plan included a re-tooling of its Sault Ste. Marie plant that would result in layoffs before they agreed to half a billion dollars in loan assistance to help the company weather the storm of U.S. tariffs. Canada’s last remaining independent steel producer, which...