Algoma employees and pensioners, the company's suppliers, the City of Sault Ste. Marie and the government of Ontario contributed hundreds of millions of dollars to the effort to making this company viable.
More Quotes from Wayne Fraser:
We've got to put our anger beside us and we've got to find a way to save this plant.Wayne Fraser
We are looking for a good contract that reflects good market conditions.
Wayne Fraser
You can't run a steel company like a cash machine.
Wayne Fraser
This plant makes money. They told us that they were making more tires than they ever did before and productivity's been the highest it's been at that plant for as long as they can remember . . . and today they dumped the bomb on those workers and their families.
Wayne Fraser
Steel companies need cash to operate. Steel prices fluctuate and steel companies need cash to manage the ups and downs of the historically cyclical market. Raiding cash during good times is short sighted and counter to the long-term interest of the company.
Wayne Fraser
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