Agrium to cut 500 jobs and divest low-earning assets

By James Sean Dickson
Published: Thursday, 06 November 2014

Lower potash prices and increased costs at the company’s Vanscoy potash mine precede the announcement to restructure the business. By focusing on core assets, Agrium should be able to further reduce its costs and streamline its business activities.

Canada-based fertiliser producer Agrium Inc. plans to cut 500 jobs and refocus on its core assets as part of a restructuring drive, the company announced at the firm’s annual investor day in Toronto, Canada, yesterday.

In a presentation given by Agrium's CEO, Chuck Magro, the company revealed to attendees that...

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