Ford says he knew layoffs were coming before loaning Algoma Steel $100M
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Ontario Premier Doug Ford acknowledged that his government was aware that massive layoffs at Algoma Steel were imminent, well before the province agreed to loan the company $100 million in taxpayer funds.
The steel giant announced Monday it would lay off roughly 1,000 workers as a Sault Ste. Marie plant closure is being made to adapt to a “fundamentally altered” landscape in the face of tariffs from the United States.Weeks earlier, at the end of September, the Ontario and federal governments had partnered to loan Algoma a total of $500 million, 20 per cent of which was put up by the Ford government.“This direct support will help Algoma pivot its operations away from U.S. dependent markets ...









