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Business/Labour

PotashCorp workers left in limbo during deliberations

It's been three days since the announcement of PotashCorp layoffs but many employees still don't know whether they will continue to have a job.
 
At the Lanigan mine, with word of the layoffs, all of the apprenticeships were halted .

"Now they have an option of bumping back in," explained Rick Suchy, president of Communications, Energy and Paper Workers Union, Local 922.

UPDATE: Premier Brad Wall not happy with Potash Corp CEO

Premier Brad Wall is taking shots at Potash Corp for a comment Chief Executive Officer (CEO) Bill Doyle made earlier this week when the company announced it will cut 440 jobs in Saskatchewan.

During interviews on Tuesday Doyle said that the company’s dividend is “sacrosanct” and insisted there are no plans to cut those payments to shareholders or alter a share buyback plan. Wall says that’s unacceptable.

TIMELINE: The ups and downs of Capital Pointe

What started as a big idea that would change the landscape is still just an idea three and a half years later.

Capital Pointe is, and was, intended to be the largest occupied building in Saskatchewan, an 8-floor hotel and 26-storey condominium project meant to be erected at Victoria Ave. and Albert St. in Regina's downtown. It will replace the long-standing Plains Hotel, which was demolished to make way for it.

Analysts predict Mosaic and Agrium to follow with cuts

Business analysts with Bloomberg are predicting that Potash Corp was just the first company to make cuts and they expect other potash producers to follow.

On Tuesday Potash Corp announced that 440 people would be laid off in Saskatchewan and another 605 positions would be eliminated worldwide. Potash Corp will also be reducing production at the mines in both Lanigan and Cory Saskatchewan, citing flat market growth as a reason.

Human rights complaint against Saskatoon cab company enters mediation

The Human Rights case of a visually-impaired man who says he was refused service three times by a Saskatoon cab company is no closer to resolution.

Mike Simmonds met with representatives from Comfort Cabs for over four hours of mediation Wednesday. No resolution has been found yet.

"I think that all parties are interested in solving the problem, but its ongoing [as to] how to resolve it right now" said Simmonds. He adds further mediations have been scheduled for Dec. 18.

Saskatchewan govt. unveils essential service law changes

They’ve been labouring over the legislation for the past year and now the government is introducing amendments to Saskatchewan's essential services law.

“We wanted to spend a lot of time listening to stakeholders—both on the employer and the employee side. And we think we’ve struck a good landing place,” Labour Relations Minister Don Morgan told reporters on Wednesday.

Potash firings will affect workers more than province

PotashCorp’s announcement of 440 layoffs in Saskatchewan is a big blow for the families and communities affected yet the impact won’t be felt as strongly by the province.

Workers, businesses in shock over potash layoffs in Lanigan

A group of men joke as they sit around a table at the local union building in Lanigan, but the topic they're discussing is no laughing matter.

People in town are still grappling with the shocking news that 240 workers were laid off from the town's potash mine Tuesday morning. 

Premier Brad Wall stands by potash industry despite layoffs

Saskatchewan's leader in the Legislature continues to insist that the potash industry is alive and well in the province.

Tuesday saw Potash Corp. announce hundreds of layoffs will be taking place in Saskatchewan and its operations around the world. Nearly 450 people in this province will see their positions eliminated due to "market conditions," namely the current softness of potash prices on world markets.

Analyst breaks down PotashCorp layoffs

There's a few ways companies can deal with flat demand: Ride it out until supplies come down and prices pick up, or drive sales growth by cutting prices and snagging your rivals' market share.

With Tuesday's news of layoffs and production cutbacks, economist David Asbridge with NPK Fertilizer Advisory Service said it's clear how PotashCorp plans to weather the downturn in the fertilizer market.

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