# Potash Corp cuts 140 jobs, slashes output as industry struggles with weak prices - Financial Post

> PotashCorp will lay off 100 permanent and 40 temporary workers at its Cory mine in Saskatchewan from February through Q3 2017. It will also curtail Allan and Lanigan output, consistent with matching supply to demand.

- Date: 2016-11-23 · published 2016-11-23T12:00:00.000Z
- Category: market · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/74164-potash-corp-cuts-140-jobs-slashes-output-as-industry-struggles-with-weak-prices
- Commodities: [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Production cuts by the world's largest fertilizer company tighten potash supply and can support prices from low levels. The move signals producers are responding to persistently weak prices.

## Read by commodity

- POTASH: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/mining/potash-corp-cuts-140-jobs-slashes-output-as-industry-struggles-with-weak-prices/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.