PotashCorp. slashes workforce as market bites
Published: Tuesday, 03 December 2013
Cost per tonne to fall; production suspended at several sites
PotashCorp. of Saskatchewan Inc. (PotashCorp.) said today
that it is reducing its workforce by 1,000 in response to
bearish market conditions.
The largest layoffs will occur in Saskatchewan, Canada,
where around 400 people will lose their jobs.
"Despite confidence in the long-term drivers of our
business, a significant...