Algoma steel and usw l2251 reach tentative agreement

Sault ste. marie, ontario, aug. 23, 2022 (globe newswire) -- algoma steel group inc. (nasdaq: astl; tsx: astl) (“algoma” or the “company”) and united steelworkers local union 2251 (“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. voting is scheduled for august 25 and august 29, 2022. the company will release details of the tentative agreement after the union has held its information meetings with its members.
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