NEWS
Potash Corp. to Cut Jobs
Tue Dec 3, 2013 12:55 PM CST

SASKATOON, Saskatchewan (AP) -- Potash Corp. is cutting more than 1,000 jobs, about 18 percent of its workforce, because of slumping demand for potash and phosphate, two key fertilizer ingredients.

The Saskatchewan-based company said Tuesday it will cut 440 jobs in Saskatchewan, 130 in New Brunswick, 350 in Florida, 85 in North Carolina, and 40 in other U.S. regions and Trinidad.

The company controls more than 25 percent of the world's supply of potash, which helps farmers boost crop production.

Potash CEO Bill Doyle says they must make steps to run a sustainable business.

Shares of nutrient companies were hammered ...

Quick View
  • Xtend Moves Forward USDA has issued its final environmental impact statement recommending full deregulation of Monsan...
  • Land Market What could the next year hold for land values?
  • No Agreement on Tax Extenders White House spokesman Josh Earnest on Monday said in his daily briefing that the White House woul...
  • Senior Partners - 4 At-your-service consultants help you walk through estate planning from start to finish.
  • Dow's Gutsy Decision Dow's decision to launch Enlist offers some hand-selected growers a chance to test drive new tech...
  • Congress Reaches Funding Deal The overall Agriculture Department and related agencies bill would cost $20.5 billion for fiscal ...
  • Need To Bee Accurate A news story had the wires buzzing Tuesday afternoon after a report that EPA was set to restrict ...
  • Kub's Den The Dakotas lost more than $130 million in grain revenue during the 2013-14 marketing year compar...
  • Ask the Vet What can I do to improve udder quality in my herd?
Related News Stories
Global Fertilizer Outlook - 4
DTN Retail Fertilizer Trends
Global Fertilizer Outlook - 3
DTN Retail Fertilizer Trends
Global Fertilizer Outlook - 2
Global Fertilizer Outlook - 1
Root of the Problem