21 August 2009 17:48 [Source: ICIS news]
TORONTO (ICIS news)--K+S plans to put 4,000 of its 7,800-strong workforce in Germany on short time work through until the end of December because of declining fertilizer demand, a spokesman said on Friday.
The measures would affect three K+S potash fertilizer sites - ?xml:namespace>
The cuts were prompted by the “continued weak demand” for K+S’ fertilizer products, he said.
Wudonig added that K+S had been cutting hours at some facilities since last December. At the time, K+S said some 1,800 workers were affected
The company last week reported a 94% decline in second-quarter operating earnings and said it expected full-year 2009 sales volumes in its potash and magnesium products to decline to about 4m tonnes, down 43% from 7m tonnes in 2008.
In related news, BASF said this week it was considering ending short-time work at its production hub in
Many German chemicals producers have resorted to the short-time work in past months. The government-supported programmes enable them to cut working hours while maintaining staff levels during the current crisis.
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