Tentative deal to end PotashCorp's Canada strike

07 November 2008 16:47  [Source: ICIS news]

HOUSTON (ICIS news)--A tentative deal has been reached to end a strike by 500 workers at fertilizer operations owned by Potash Corporation of Saskatchewan (PotashCorp), the Canadian fertilizer firm said on Friday.

Around 500 union members at the Allan, Cory and Patience Lake potash operations in Canada's Saskatchewan province will vote to ratify the tentative agreement on 13 November, the company said.

No details of the agreement were disclosed.

The affected operations have a combined capacity of 3.1m tonnes/year of potash.

The workers went on strike in August to back their demand for wage increases. The strikers wanted a bigger share of the record profits and share prices seen in the fertilizer industry through most of the year, due to soaring sales prices.

But as agricultural and other commodity prices have retreated in recent months, alongside a collapse in share values, the strike's momentum has faltered.

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By: Stephen Burns
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