The Axe Comes Down

   Potash Corporation of Saskatchewan has issued hundreds of layoff notices. In fact, 18% of the workforce is being affected. The majority of the cuts being made by the Saskatoon based company are in our province, and total 440.
   Another 130 jobs are being trimmed in New Brunswick, with the remaining 435 outside Canada. Of those, 350 are in Florida, 85 in North Carolina and 40 in other parts of the U.S and in Trinidad. PotashCorp says the reason behind the move is a softening demand for the mineral used in fertilizer, something that was reflected in the recent mid-term financial statement by the SaskParty government last month.
   In fact, falling potash revenue put a cash crunch on the government in the last budget back in March.

TTFN