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Layoffs at Potash

 (Image source: theguardian)

As a result of weak demand and depressed prices of Potash, Potash Corp./Saskatchewan Inc. (TSE:POT) will layoff 18 percent of its workforce concentrated most in the Americas. Canada, Trinidad, and the United States will face the brunt of the layoffs. More than a 1,000 positions will be cut. Potash prices have been going down ever since Uralkali terminated its export relationship with Belaruskali.