Mosaic to cut 500 jobs in next 12 months
U.S. fertilizer producer Mosaic Co. will eliminate 500 jobs in the next 12 months, part of a plan to cut $500 million in costs over five years, Chief Executive Officer Jim Prokopanko said on Tuesday.
Prokopanko said on a conference call that the company will shed the jobs through layoffs, attrition, early retirement and elimination of contractors. The cost-cutting is aimed at bolstering Mosaic's status as a low-cost phosphate producer and improving its relatively high cost position in potash.
- International Year of Soils set for 2015
- Extra care needed for wintertime fuel handling
- CLA issues statement on EPA’s neonicotinoid report
- Cattle futures bucked the bearish ag market trend Thursday
- Valent launches new low VOC plant growth regulator
- Thursday's export data had mixed crop market implications
- ValueAct buys stake in fertilizer dealer Agrium
- DuPont Crop Protection to sell certain assets to Bayer
- Critics of Dow herbicide sue U.S. EPA over approval
- Six tips to help professionals take leaps of faith
- Nitrogen fertilization rates for corn production
- Landmark Services Co-op, Curry Seeds sign agreement