Algoma Steel and United Steelworkers Local 2251 have reached a tentative
agreement, deferring possibility of a looming strike.
The parties issued the following statement this evening:
Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) and United
Steelworkers Local Union 2251, the union representing Algoma’s hourly
employees, announced today that the parties have reached a tentative collective
agreement.
The USW Local 2251 bargaining committee is unanimously recommending the
offer and the parties have agreed to extend the current contract until August
30, 2022, to allow for a ratification vote to occur.