The Contract Action Team selected the slogan;
’07 GAINS FOR PAST PAIN$
because this slogan perfectly describes what the members had to go through since at least 1990 at Algoma and within the Steel industry. The slogan recognizes the hard fought road, littered with sacrifices, which we the employees traveled down, for this company. The following list reminds us of the bumps we experienced on that dark road, like some kind of bad nightmare:
AND WHAT HAPPENED AFTER THE FIRST PROSPEROUS YEAR AT ALGOMA, THE YEAR THE COMPANY MADE THE MOST PROFITS IN ITS HISTORY?
$438 MILLION PAID TO SHAREHOLDERS IN 2 INSTALLMENTS. $238 MILLION IN 2005 AND $200 MILLION IN 2006