Algoma Steel CEO walks away with $6.8 million in wake of 1,000 layoffs and billion-dollar loss
TORONTO – The United Steelworkers union (USW) released the following statement today regarding the disclosure of 2025 executive compensation packages at Algoma Steel in Sault Ste. Marie: In December 2025, mere days before Christmas, Algoma Steel – under the leadership of Chief Executive Officer Michael Garcia – announced that more than 1,000 workers at its […]