Algoma Steel's Large Layoff Takes Effect: Hundreds of Employees Lose Jobs Amid Transition to Electric Steelmaking.
ByAinvest
Monday, Mar 23, 2026 5:06 am ET1min read
ASTL--
Algoma Steel in Sault Ste. Marie, Ont. is undergoing a major transformation from blast furnace and coke production to electric steelmaking, resulting in 1,000 layoffs, or about a third of its workforce. The transition is expected to reduce carbon emissions by up to 70%. The layoffs are happening in phases, with some employees voluntarily departing since the December announcement.
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