SAULT STE. MARIE – Today, Jaclynne Hamel, Ontario Liberal candidate for Sault Ste. Marie, released a statement on news that Algoma’s secured creditors, USW Local 2251, and USW Local 2724 have reached a tentative agreement.
“I am so pleased to see that a tentative agreement has been reached between Algoma’s secured creditors and the unions. The Ontario government has been deeply invested in the success of Algoma and Sault Ste. Marie. I know that all parties have been working hard to finalize an agreement, and I applaud their work and the work of the Ontario government to ensure that a beneficial deal was found. The provincial government has worked hard to encourage a private sector solution that will see the company move forward as a vibrant, growing operation contributing to the community. That is because Algoma is a vital part of our economy, both in Sault Ste. Marie and across Northern Ontario. Their presence in Sault Ste. Marie has meant good, well-paying jobs for thousands of people in our community. As our largest private-sector employer, I know that many people in this city have relied on Algoma, and I hope that this agreement brings more stability to our community.”