PotashCorp Rescinds Penobsquis Layoff Notices
Today, PotashCorp rescinded previously announced layoff notices at our Penobsquis, New Brunswick facility impacting approximately 50 employees. Given ongoing tightness in the granular potash market, this temporary extension in operations will allow continued production from our Penobsquis mine (previously anticipated to cease by the second quarter of 2014) as we ramp up our Picadilly operation.
Ramp-up activities at our Picadilly mine are continuing on schedule, with initial production expected during the fourth quarter of 2014.
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