Employee buyouts in Canada

A case study of Algoma Steel in Sault Ste Marie, Ontario, Canada, has been used in recent research to give an insight into various issues relating to the growing number of employee buyouts currently taking place. The experiences at this company, where what has been described as a 'workplace revolution' took place, shed light in particular on the most successful approach to negotiating an employee buyout. As in most cases, the main driving force behind the buyout was the desire to save jobs.