Layoffs Canada

Algoma Steel Layoffs 2026 — 1,000 Jobs Cut in Ontario, Canada

1,000
employees affected
Media Report

Algoma Steel laid off approximately 1,000 steelworkers in March 2026 due to U.S. tariffs and the company's transition to electric steelmaking. The layoffs significantly impacted the Sault Ste. Marie region and eliminated potential job creation opportunities tied to a failed South Korean submarine contract bid.

Announced Date
March 1, 2026
Province
Ontario
City
Sault Ste. Marie
Industry
Manufacturing
Laid Off
1,000(Confirmed actual layoffs)
Organization Type
private
Source
News Media
Organization
Algoma Steel

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Sources (1 article)

German submarine deal 'unfortunate' for Algoma Steel, Sault Ste. Marie, Ont., region defence expert says

CBC·Jul 6, 2026