By François Biber
Just a couple of week before the holidays, BHP Billiton plans to layoff 76 employees, most of them in Saskatoon, to offset a steady decline in commodity prices.
“We had a tough year last year of significant reduction in commodity prices and all of the money we use to pay for the potash project and everything globally comes from those commodities, so as a result we don’t have much cash available,” said Chris Ryder, head of corporate affairs with BHP Billiton.
About 70 of the... // Read Full Article