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Business/Labour

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.

Rapid response team called in after PotashCorp layoffs

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.

Best Western being built on Saskatoon's 8th Street

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.
 

VIDEO: PotashCorp to lay off 440 people in Saskatchewan

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."

Cyber Monday has Saskatoon business busy

According to a BMO survey, 41 per cent of people on the Prairies plan to shop online for Cyber Monday and a local clothing store in Saskatoon is seeing extra traffic on their website.

"First thing this morning, I was noticing the orders coming in," said Roxanne Woodley, the owner of Tonic.

New wireless code caps cellphone contracts at 2 years

After being revealed in June, the CRTC's new Wireless Code comes into effect Monday and will apply a two year contract cap to anyone starting or renewing a wireless phone contract.

The code itself is somewhat complex and includes a number of provisions some of which have already started to be implemented by providers in Saskatchewan. CLICK HERE to read more.

Rider Grey Cup merchandise still in stock despite extreme popularity

Roughrider fans in Saskatoon can still buy clothing with the phrase "2013 Grey Cup Champions," but stores have been extremely busy since getting the merchandise on Wednesday.

"It's been crazy, we've been swamped with lots of people," said Kirsten, an employee at River City Sports in Saskatoon.

An employee at the Rider Store on 8th Street East said it was "insane" on Friday afternoon, with two line-ups of people inside the store for most of the day.

SIAST pumping out more plumbers

If it has a furnace or a drain, it takes a pipefitter to build and maintain.

And a booming economy has created a backup of demand for the trade right across the province. 

That's prompted SIAST to expand its Kelsey Campus. The revamped training centre will increase the number of plumbing and pipefitting students the college can accomodate by 210 people, for a total of 1120.

Ken Busch with the Plumbers' and Pipefitters' Union was impressed with the new facility and said the move couldn't come soon enough.

Local Regina retailers hold their own Black Friday sales

Black Friday may inspire mob-like crowds in the U.S., but so far the discounts, not the pandemonium is making its way into Canada.

"Last year, we were really busy for Black Friday," said Colter Wood, owner of Coda Clothing in Regina, "We don't just do Friday we do the whole weekend. We saw a substantial amount of traffic through it."

Wood wasn't the only local business owner following the Black Friday movement. As Dutch Growers sends out email information to its customers about the special sales, owner Tim Van Duyvendyk says people are getting excited.

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