Mosaic blames market for layoffs

WINNIPEG (Reuters) —Mosaic Co. laid off 51 workers at its Canadian potash operations March 24 as the industry struggles to recover from low prices and weak demand.

Spokesperson Rob Litt said the layoffs are spread out among the fertilizer company’s operations in Sask-atchewan, which include three potash mines and an office for the potash segment.

The laid-off workers mostly held office positions and none are union members.

“Current market conditions required that we review our options to remain competitive while continuing to operate responsibly,” Litt said.

“We remain committed to our investments in Saskatchewan, the sustainability of our operations and the communities where we operate.”

Global demand for potash has grown more slowly than expected in recent years, even as miners expanded their Saskatchewan capacity.

PotashCorp said in December that it would slash its workforce by 18 percent, or more than 1,000 jobs, including 570 positions in its potash operations.



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