Archive · 2 Dec 2025
Algoma Steel to Cut 1,000 Jobs Due to Trump Tariffs
Algoma Steel Group, a Canadian company, is going to let go of 1,000 workers, which is about 40% of its staff.
This is because the US government, led by President Trump, put high taxes (tariffs) on steel from other countries.
These taxes make it hard for Algoma to sell its steel in the US.
The company is also thinking about closing one of its operations and focusing on a different way to make steel.
The Canadian government is helping Algoma with money to deal with this problem.
The layoffs will start next year, and the company's leader says they are doing this to protect the company's future.
Algoma Steel Group to cut 1,000 jobs, 40% of its staff, due to US tariffs.
Company considering shutting down coke-making operation and focusing on electric-arc furnaces by 2026.
50% tariffs imposed by the Trump administration severely impact Algoma's access to the US market.
Layoffs to take effect on March 23, 2025, with government support of C$500 million in emergency loans.
Canadian Industry Minister Melanie Joly criticizes US tariffs as unjustified and unjustifiable.
- Who
- Algoma Steel Group
- What
- Layoffs and operational changes due to US tariffs
- When
- Layoffs effective March 23, 2025
- Where
- Sault Ste. Marie, Ontario, Canada
- Why
- 50% tariffs on foreign steel imposed by the Trump administration
- Company
- Algoma Steel Group
- Job Cuts
- 1,000
- Percentage of Staff
- 40%
- Location
- Sault Ste. Marie, Ontario
- Tariff Rate
- 50%
- Effective Date of Layoffs
- March 23, 2025
- Government Support
- C$500 million in emergency loans
- Current Employees
- 2,500