If the vote gives Local 2251 leadership permission to call a strike, that doesn't mean labour action would take place immediately. A strike authorization vote isn't a vote to go on strike, but it places the Steelworkers in a legal strike position. Last week, Algoma Steel announced the largest per-employee payout in its 121-year history: $151 million in total profit-sharing payments for the 2022 fiscal year. “The general economic impact that you see for every dollar in the steel industry is about three-and-a-half times," Ring said. Ring added that the payouts make Algoma Steel “a highly attractive place to work.”“They will have a better opportunity to attract a workforce – and hopefully that workforce will come from outside of Sault Ste.

Source: CBC News June 29, 2022 06:19 UTC