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Liberals aware of Algoma Steel layoffs before granting $400M loan

Algoma Steel had informed the Carney government that it planned to lay off 1,000 employees before it was given half a billion in taxpayer money, according to the company’s CEO, Michael Garcia.

Quinn Patrick
Dec 03, 2025
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Source: Wikimedia Commons

Algoma Steel had informed the Carney government that it planned to lay off 1,000 employees before it was given half a billion in taxpayer money, according to the company’s CEO, Michael Garcia.

Canada’s last remaining independent steel producer, which employs about 2,500 workers, announced the layoffs on Monday because its blast f…

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