Algoma suspends retiree work program

Arbitrator's ruling will save 360 jobs, retirees no longer able to return to work and collect wages on top of pension
||Last Updated: 08/12/2003


ollowing an arbitrator’s ruling in the company’s favour, Algoma Steel Inc. is ending an arrangement with the United Steelworkers of America that let young retirees return to work.

The Sault Ste. Marie, Ont.-based steelmaker had planned to lay off about 600 workers, or 18 per cent of its workforce, in the coming months but the ruling by the arbitrator means that number will be reduced by about 360.