Potash Workers Stage 1-Day Walkouts
Workers at Potash Corp’s Cory Mine, 6km west of Saskatoon, have set up a picket line and begun a one-day rotating strike. Similar strikes may follow at 2 other Potash Corp. mines.
The workers at the world’s largest producer of potash are holding out for better pay. As the union calculates it the company made about $300k per worker in the first half of 2008.
Potash posted a net income of $1.47bln in the first half of the year, more than tripling Q2 profits.