Friday, 6 December 2013

Brad Wall Is Not A Happy Camper

   Saskatchewan's Premier in fact blasted the Potash Corporation of Saskatchewan in a letter sent to executives after it was learned shareholders would be getting dividends, while the mining giant trims 18% of the workforce.
   Mr. Wall stated tough times shouldn't be borne by the workers alone, and that shareholders should share some of the burden. He's particularly upset that company CEO Bill Doyle stated those dividends would not be touched.
   Another PCS official says even had the dividend been zero, the cuts would have gone ahead. PotashCorp says the decision to make cuts stems from soft demand for potash and phosphates, two major types of crop fertilizer.
   All this will no doubt come as cold comfort to some of the 440 workers laid off in Saskatchewan, and the nearly 600 elsewhere, and might even be seen as a slap in the face to go along with the pink-slips.

TTFN

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