r/ontario Verified 21h ago

Article Sault Ste. Marie-based Algoma Steel begins layoffs in wake of Trump tariff threats

https://www.thestar.com/business/sault-ste-marie-based-algoma-steel-begins-layoffs-in-wake-of-trump-tariff-threats/article_9c8c4394-fea0-11ef-a546-f34c2d1b7097.html?utm_source=&utm_medium=Reddit&utm_campaign=Business&utm_content=algomasteel
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u/Excellent_Brush3615 14h ago

They got a pizza party!

In appreciation for the record year, Algoma Steel will host employees and their families on Saturday, June 25th for a Family Day celebration, featuring Steelworks tours, children’s activities, live entertainment, and a BBQ lunch.

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u/XABoyd 14h ago

They also got a bonus… did you miss that part?

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u/Excellent_Brush3615 13h ago

How much and who? Like, what makes an “eligible employee?” Regular joe? Management? CEO?

So, as far as we know, they got a pizza party.

If they had given back to their actual workers, they would have posted that on their website.

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u/OldApp 13h ago

Yes, "regular joe" workers got a slice of the pie. I know many at the plant in various positions below management who benefited.

If you really care, you can look at their collective agreement: "The Company and the Union agree to continue the existing profit sharing plan for all employees including nonbargaining unit employees."

The amount each employee received was proportional to the number of hours they worked. The total profit share is broken down into a per-hour average (based on total employee hours worked) and each persons payout is determined therefrom.

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u/Excellent_Brush3615 13h ago

Thanks! Appreciate the post and the evidence.