Union fears big job losses from going green, after Ottawa pledges $420 million to Algoma s electric retrofit msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
File photo
Union bosses representing the majority of the workforce at Algoma Steel Inc. aren’t saying much on record about the $1.7 billion merger agreement the company has entered into with special-purpose acquisition company Legato Merger Corp.
The merger agreement, which would see the Sault Ste. Marie steelmaker become a publicly traded company, was officially announced by Algoma Steel and Legato via conference call Tuesday.
USW Local 2251 president cautiously optimistic
United Steelworkers Local 2251 President Mike Da Prat tells SooToday that he was informed of the merger by Algoma Steel Inc. Chief Executive Officer Mike McQuade the night before Tuesday’s announcement.