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.
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.
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.
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.
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.
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.
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.
With the announcement of 440 Saskatchewan employees being laid off by PotashCorp, the provincial government has dispatched the rapid response team.
The team is a partnership between the Labour Standards Office (LSO), Labour Market Services (LMS), Saskatchewan Immigration and Service Canada.
There isn't much room at an inn if you're looking to stay on 8th Street in Saskatoon, but that's about to change as construction has started on a Best Western Plus.
The hotel is going up at the old J&H Builders Warehouse site across from Centre Mall.
Curtis Zwack, vice-president of Remai Zwack Ventures Inc. in Saskatoon, said 8th Street is an untapped market.
"To buy property on 8th Street is very expensive and it's very difficult to find sites on 8th Street and that's really why it took so long," Zwack said.
PotashCorp is cutting its workforce by about 18 per cent with the biggest hits here at home in Saskatchewan.
The company announced Tuesday morning that about 440 positions will be lost in the province. Another 605 positions will be eliminated worldwide.
"It's a tough day for the company," said Bill Doyle, PotashCorp's president and chief executive. "This is not something that we ever wanted to see but it's responding to market conditions and making sure we do the right thing for the company going forward."