Potash Corp cuts jobs, Canadian potash output as prices sag

By Rod Nickel

WINNIPEG, Manitoba (Reuters) – Fertilizer maker Potash Corp of Saskatchewan Inc said on Wednesday that it was reducing jobs and output at one Canadian mine and temporarily curtailing production at two others as the sector struggles with weak prices.

The company said it would cut production at its Cory, Saskatchewan, mine to 0.8 million tonnes a year from 1.4 million, resulting in a reduction of 100 jobs and 40 temporary positions starting in February.

Also in Saskatchewan, Potash will curtail production for six weeks at its Lanigan mine starting in January and for 12 weeks at Allan starting in February.

The changes …
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