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Algoma Steel CEO walks away with $6.8 million in wake of 1,000 layoffs and billion-dollar loss

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🤖 D.R.A.F.T. Summary

TORONTO, June 17, 2026 (GLOBE NEWSWIRE) — 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 […]

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