SASKATOON – PotashCorp is temporarily laying off workers at mines in Saskatchewan and New Brunswick because of a slump in demand.
The Saskatoon-based company says the Allan mine in Saskatchewan won’t operate between Dec. 16 and Feb. 9.
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The mine in Sussex, New Brunswick is also shutting down for eight weeks between Dec. 30 and Feb. 23.
PotashCorp (TSX:POT) said in October that it will shut its Lanigan and Rocanville mines in Saskatchewan for eight-weeks starting Nov. 18 and Dec. 7 respectively.
The fertilizer producer reported in October that its third-quarter profit fell 22 per cent from a year ago.
However, chief executive Bill Doyle said at the time that he expects demand to pick up next year.
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