After cutting jobs due to enhanced US duties on steel and aluminum, Algoma Steel Group Inc. (Algoma Steel) is set to receive approximately $500 million in financial aid from the federal government and Ontario government.
Ottawa said its $400 million will come from the Large Enterprise Tariff Loan program — noting that the impact of the trade action has been “profound.”
The loans from both levels of government are aimed at helping the Sault Ste. Marie-based steelmaker:
KNOW YOUR RIGHTS!
Check out our blog on the rights non-unionized employees in Canada have during the ongoing trade war with the US. You can also use our free Pocket Employment Lawyer to get real-time insights.
At Samfiru Tumarkin LLP, we’ve helped over 50,000 clients secure fair severance packages — recovering millions of dollars for non-unionized employees across Canada.
With extensive experience representing workers in roles at small businesses and large organizations across various industries, our team provides the expertise you need to navigate your termination effectively.
SEE ALSO
• Should I Negotiate My Own Severance Package in Ontario?
• What Albertans Need to Know About Negotiating Severance
• Negotiating Severance in BC: What Employees Need to Know
We specialize in...
Tamil Nadu Minister for Agriculture and Farmers’ Welfare M.R.K. Panneerselvam on Saturday (November 22, 2025) accused the Opposition parties of spreading false allegations against the State govern...