The Globe and Mail reports in its Tuesday edition that plans are in the works to save hundreds of the roughly 1,000 jobs slated to be lost at Algoma Steel in Sault Ste. Marie, Ont.
A Canadian Press dispatch to The Globe reports that Bill Slater, president of United Steelworkers Local 2724 that represents some of the affected employees, says as many as 500 people could be back at work by the end of next year.
He says the plans involve expanded capacity at Algoma through a government loan, though details are still being hammered out.
The plan was first reported by local media outlets on Friday after Industry Minister Melanie Joly travelled to Sault Ste. Marie and talked to reporters after meeting with representatives from Algoma and the United Steelworkers.
CP says neither the federal government nor Algoma have responded to multiple requests to confirm the news.
Algoma sent out layoff notices to more than 1,000 workers a week ago after it accelerated plans to switch over to a new production system that is more efficient and requires fewer workers.
Mr. Slater said there is nothing set in stone yet on the plans to save about half the jobs, so workers are still holding their breath to see what will happen.
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