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Tuesday, December 3, 2013

Layoffs May Be Less Due To Voluntary Severance

The GM for PotashCorp in New Brunswick says challenging market conditions for potash, phosphate and nitrogen are reason as many as 130 layoffs are necessary.

Stewart Brown tells CHSJ News the workforce of their operation in Penobsquis could go from 530 down to 400.

Brown says in order to mitigate some of the layoffs they are offering a voluntary severance program.

He says they can take advantage of that in Januauary and that hopefully can lessen the number of layoffs required.

Brown says by February they will know which workers are impacted and the changes will kick in at the end of March next year.

He says its a hard time for their employees adding as a business they have to make sure their investment in New Brunswick is here for the long term.