Algoma Steel's fourth quarter loss widens to $364.7M from $66.5M last year

A worker is shown at Algoma Steel in Sault Ste. Marie, Ontario on Friday, April 25, 2025. THE CANADIAN PRESS/Sean Kilpatrick

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SAULT STE. MARIE - Plans are in the works to save hundreds of the roughly 1,000 jobs slated to be lost at Algoma Steel Inc. in Sault Ste. Marie, Ont.

Bill Slater, president of United Steelworkers local 2724 that represents some of the affected employees, says as many as 500 people could be back at work by the end of next year.

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