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THE MOSAIC CO. TO ELIMINATE 500 JOBS
AgProfessional magazine reports:

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.


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