PCS Nitrogen Trinidad Ltd, located on the Pt Lisas Industrial Estate, has fired more than a dozen long-standing employees as the company moves to reduce its workforce.
Potash Corporation of Saskatchewan (PotashCorp), the Canadian parent company, has announced that it is taking steps to reduce its workforce in Canada, the United States and Trinidad and Tobago by 18 per cent.
The Express was told that PCS Nitrogen, based in Point Lisas, began terminating workers this week.
The employees, some of whom have been employed for three decades, were handed termination letters, with immediate effect.
A senior manager confirmed yesterday that workers were being sent home.
“Yes, workers are being sent home. But that is all I can say at this time,” she said.
PotashCorp issued a statement that the company expects to reduce the workforce by region.
The company stated that approximately 440 people would be laid off in Saskatchewan, 130 in New Brunswick, 350 in Florida, 85 in North Carolina and 40 workers in other US locations and Trinidad.
The company explained that a significant portion of fertiliser demand comes from developing market growth which has been less robust than expected.
PotashCorp stated that the company had identified necessary changes to respond to market conditions, reduce costs to enhance the global competitive position of the company and maintain operational flexibility in potash to meet anticipated future demand growth.
PotashCorp president and chief executive officer, Bill Doyle, said: “This is a difficult day for our employes and our company. While these are the steps we must take to run the sustainable business and protect the long-term interests of all our stakeholders, these decisions are never easy. We understand the impact is not only on our people, but also in the communities where we work and live, and PotashCorp will work hard to help those affected through this challenging time.”
PotashCorp is the world’s largest crop nutrient company and plays an integral role in global food production.