PotashCorp. slashes workforce as market bites

By Siobhan Lismore-Scott
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...

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