Mosaic Co lays off hundreds of workers at Saskatchewan mine as slump

SASKATOON — The Mosaic Co. announced it’s temporarily laying off about 330 employees as it idles its Colonsay, Sask., potash mine.The company says it will rely on its lower-cost Esterhazy and Belle Plaine mines in Saskatchewan for potash production during a down market for the fertilizer.Mike Pulak, a United Steelworkers union staff representative, says the job cuts are actually closer to 370 with only 32 unionized workers being kept on at the mine.Potash Corp rallies amid speculation of possible takeover: ‘It feels like the time things would be consolidating’Standard & Poor’s downgrades Saskatchewan credit rating due to budget concernsPotash Corp.’s dividend increasingly at risk amid weak marketHe added workers have been told they can expect to return to their jobs on January 3, 2017, but that the date could change.Pulak suspects the job cuts could be in response to workers at Colonsay overwhelmingly voting down the company’s latest contract offer on Monday.Unionized workers at the Colonsay mine have been without a contract for 15 months.

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