The company will open two new divisions \u2013 one for plate and one for beam \u2013 that will help with Prime Minister Mark Carney’s plans for nation building and defence<\/p>\n
Algoma Steel will add 500 new jobs in 2026 to keep up with the demand for projects related to nation building.<\/p>\n
Industry Minister M\u00e9lanie Joly said she received two commitments from Algoma Steel today after travelling to the Sault to meet with the union and management.<\/p>\n
\u201cThe first one is within a year, the company will be able to rehire 500 people at Algoma,\u201d she said by phone.<\/p>\n
\u201cAnd the second commitment is the company will be working with the union and the government on a reskilling program to make sure that the workers impacted will be able to get support to be retrained.\u201d<\/p>\n
The company will open two new divisions \u2013 one for plate and one for beam \u2013 that will help with Prime Minister Mark Carney’s plans for nation building and defence, and will bring back 500 workers.<\/p>\n
Calling it a positive visit, Joly said she knew the layoffs were coming but she didn\u2019t know when.<\/p>\n
She said she found out on Sunday night that 1,050 people would get the bad news on Monday about being laid off from Algoma Steel as of March 2026.<\/p>\n
\u201cMy goal was to come quickly to the community to meet with the union, to meet with the company, to be able to get to a place where we would have a plan and clear commitments on the part of the company,\u201d she said.<\/p>\n
Joly said the retraining will get employees up to speed to work in one of the new mills or to work in construction or the trades and \u201cthey will have much more freedom and power over the next phase of their careers.\u201d<\/p>\n
In response to those who criticized the federal government for providing a $400 million loan to Algoma Steel, Joly said Canada needs steel plants that are viable.<\/p>\n
\u201cShould one day Canada be in a conflict, we absolutely need to have that sovereign capability.<\/p>\n
\u201cWe cannot be in a position for the sake of our own national security to have no steel plants working in our country.\u201d<\/p>\n
Algoma Steel is a victim of the trade war and it would have gone under if the federal government and the province didn\u2019t provide the company with a $500 million loan, Joly said.<\/p>\n
\u201cIt was vulnerable before. We knew that there was also the new electric arc\u00a0furnace that was going to have an impact on jobs.<\/p>\n
\u201cThe 50 tariffs have really had an impact on the company \u2013 and if it wasn’t for the support we gave in the last month, the company would have gone down,\u201d she said.<\/p>\n
\u201cThese steel plants are the target of the U.S. administration. They’re not the only ones impacted, but they’re surely the ones that are the most impacted . . . and so that is why we need to be there to support the community of Sault Ste. Marie.\u201d<\/p>\n
More information is currently being added to this story.<\/p>\n","protected":false},"excerpt":{"rendered":"The company will open two new divisions \u2013 one for plate and one for beam \u2013 that will…\n","protected":false},"author":2,"featured_media":319690,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[16599,45,49,48],"class_list":["post-327785","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-algoma-steel","tag-business","tag-ca","tag-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/327785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=327785"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/327785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/319690"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=327785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=327785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=327785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}