The United Steelworkers Local 2251 and 2724 have reached a tentative agreement with Algoma’s secured creditors. The tentative agreement, reached late Wednesday but finalized Thursday morning, helps pave the way for Algoma to emerge from bankruptcy protection.
Mike DaPrat, president of Local 2251, said the unions have been in negotiations for about two-and-a-half years. “We felt it was important that we get a fair collective agreement for our members. We’ve had our ups and downs and stops and starts,” he told The Sault Star.
But in the end, DaPrat believes the tentative agreement reached with the secured creditor’s group is fair. It offers no concessions and some improvements, he said. The membership will be the first to hear the details In the coming days, he said. Meeting dates, location and time have yet to be established. Continue Reading →