Layoffs take hold as trade war intensifies [Globe and Mail, The (Toronto, Canada)]
Algoma Steel Group Inc. (ASTL)
Company Research
Source: Globe and Mail, The
Justin Tang/The Canadian Press Listen to this article Log in or create a free account to listen to this article. Multiple employers are laying off workers as the impact of the U.S.-Canada trade war seeps into the labour force, while other companies are scaling back their hiring plans because of the upheaval. Over the past three weeks, numerous businesses from furniture manufacturers to steel producers have announced layoffs to cope with the uncertainties brought about by U.S. tariffs on Canadian exports , and subsequently, Canada's retaliatory tariffs on some American imports. Algoma Steel Group Inc. ASTL-T increase , based in Sault Ste. Marie, Ont., said last Friday that it had laid off 20 employees because of the trade war. United Steelworkers Canada, the union representing Algoma employees, warned that more job cuts could be coming to the steel production plant, which employs approximately 2,500 people. Another steel manufacturer in eastern Ontario – the Canada Metal
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ASTL
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- United Steelworkers & CSTEC launch Steelworker POWER Action Centre in Sault Ste. Marie [Canadian Business Journal (Canada)]Canadian Business Journal
- Jobs minister says Algoma Steel loan about ‘saving the furniture' [BNN Bloomberg (Canada)]BNN Bloomberg
ASTL
Earnings
- 10/29/25 - Miss
ASTL
Sec Filings
- 12/2/25 - Form 6-K
- 12/1/25 - Form 6-K
- 11/20/25 - Form SCHEDULE
- ASTL's page on the SEC website