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(UPDATE) Saskatchewan – Potash Corp – layoffs

Potash Corp. is temporarily laying off workers at mines in Saskatchewan and New Brunswick because of a slump in demand. The Saskatoon-based company says the Allan mine in Saskatchewan won’t operate between Dec. 16 and Feb. 9…

Choosen excerpts by Job Market Monitor from

via Potash Corp. issues layoffs.

Longer than normal layoffs are coming a spokesperson for Potash Corp said Wednesday after the company ran into problems with contracts, storage space and profits.

Bill Johnson said a yet-to-be-determined number of employees will be given the pink slip after the company discovered its 2012 profits will fall well below earlier projections.

“We have about 875 hourly employees at the two [Rocanville and Lanigan] mines but we’ll certainly endeavor to keep as many of them working as we can,” Johnson said.

Potash Corp also announced the two month closure of its Rocanville and Lanigan facilities. Lanigan employs 475 hourly workers and will temporarily close its doors from Nov. 18 to Jan. 12. Rocanville employs 400 hourly workers and will lay off workers between Dec. 2 and Jan. 26.

Although temporary closures are not uncommon for the company, Johnson said eight weeks is on the longer side of the spectrum.

Lanigan employees had just returned to work after a one-month layoff…

Choosen excerpts by Job Market Monitor from

via Pink slips coming for Potash Corp employees | News Talk 980 CJME.

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