Steelworkers set up picket line at Potash Corp. of Saskatchewan Cory mine



    SASKATOON, July 28 /CNW/ - A United Steelworkers' (USW) picket line has
been set up at Potash Corporation of Saskatchewan's (PCS) Cory mine, 6.4 km.
west of Saskatoon on Hwy. 7.
    The action follows last week's strike vote by members of USW Locals 7458,
189 and 7689, who rejected PCS's contract offer that did not address key
issues, including control over contracting out, pensions, wages, vacation and
bonus.
    The three locals, representing a total of about 500 workers at three PCS
mine sites -- Allan, Cory and Patience Lake -- are working in coordination to
achieve a fair settlement during a period of skyrocketing demand for potash.
Record potash prices have resulted in second-quarter figures that are 62 per
cent higher than first-quarter earnings of $566-million, the previous earnings
record for the company. The new record is $905-million. Added together, in the
first six months of 2008 PCS collected an after-tax profit of $1.5-billion,
which is $300,000 per employee.
    Although PCS is receiving far more profit per worker than most mining
companies, it pays wages lower than many other major Canadian mining
operations.
    The union has met with PCS about 40 times since April, when the previous
contracts expired.





For further information:

For further information: Roger Falconer (USW Head, Strategic Campaigns),
(647) 500-5965; Lee Edwards (USW Staff Representative), (306) 382-2122


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