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Chemical Week Magazine :: Business & Finance :: United States/Americas

PotashCorp to slash more than 1,000 jobs, close plants

6:05 AM MST | December 6, 2013 | —Natasha Alperowicz

PotashCorp says it will reduce its workforce in Canada, the United States, and Trinidad by approximately 18%, equivalent to more than 1,000 people. “Despite confidence in the long-term drivers of our business, a significant portion of fertilizer demand comes from developing markets, where growth has been less robust than expected,” the company says. All three business operating segments—nitrogen, phosphate, and potash—as well as corporate services will be impacted. The company is reducing its potash workforce by approximately 570 people...

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