Mining more salt...
After billion-dollar loss, Algoma Steel brass still score big bonuses
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the top brass deserve these bonuses for all the hard work and long hours they contribute to Algoma Steel. They made all the cuts to reduce the labour cost. 2251 is in full support of these bonusesKeep up the good work.
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Obviously the “restrictions” put on executive pay by the terms of the taxpayer loan were not strict enough. When a company is losing money like this and they have to borrow money just to keep the lights on and the doors open, not one penny in bonuses should be paid.This really is a kick in the teeth to struggling taxpayers.
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I'm not against executives being paid well when a company succeeds. I'm against rewarding failure.When a company loses hundreds of millions, lays off workers, and benefits from public support, executive bonuses send the wrong message. Workers shouldn't bear all the sacrifice while management remains protected.A simple solution: no executive bonuses while major layoffs are happening or while taxpayer-funded assistance is being received. Accountability should apply to everyone, from the shop floor to the boardroom.
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Must be nice. Enjoy!Sincerely, someone who was laid off in January and hasn't found another job while actively applying to different companies daily.
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If y’all haven’t figured it out yet, the game is rigged. The gap will continue to widen until the middle class turns into beggars, on our knees pleading for scraps.
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Not surprised. I am so done hearing the whining about "losses" when they can afford bonuses.
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Turn that electric furnace thing off there has been nothing but problems since it fired up all over town
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What delays? It’s a “bridge too far” for me. I’m uninterested in whatever exists on it’s southern side. I’m committed to support the economy on the True North Strong And Free side.
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All the crooks should pay the money back
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It's not a bonus it's theft.
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Do you understand it has its own power separate from the city?
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The Rotary fest is sure keeping up with the rest of the city, going downhill.
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They can't afford to pay staff?
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This is no longer an irregular occurrence.
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from the mailbox to the recycling bin.
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Better idea... Stay off of it.
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Sad state of affairs when lay offs are happening and executives are reaping the benefits of a floundering corporation. It goes to show hard work by blue collar employees is not appreciated but is used as a stepping stone for execs to fill there pockets with cash. Will greed ever cease to exist?
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They are paid a healthy wage for their responsibilities. I have no problem giving praise where praise is due...but when layoffs are happening, this is disgusting!
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Before ANY government money was provided to Algoma, there should have been a commitment of NO BONUSES for these executives. They are being rewarded for likely doing a poor job and should be absolutely ashamed of themselves
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I wouldn't say they're incompetent but I would say greedy. Their bonuses should have be doled out to the guys recently laid off.
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Mining more salt...