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JERUSALEM, May 3 (Reuters) - Israel Chemicals (ICL) said on Sunday it will close a line that produces a flame-retardant product called FR-1210, saying an workers' strike had led to customers moving to alternate suppliers. ICL, which also cited competition from Chinese producers, said that out of 12 workers involved, three will be moved to other facilities while nine will be let go. It noted that if the strike continues ICL will be forced to close additional operations. An Israeli labour court is expected to rule soon on whether the strike will be allowed to continue. Although ICL, controlled by conglomerate Israel Corp , is a private company, layoffs are more complicated since the Israeli government owns a "golden share". Potash Corp of Saskatchewan holds a 13.85 percent stake in ICL. (Reporting by Steven Scheer; editing by Jason Neely)
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Potash Corporation of Saskatchewan Inc.
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CODE : POT.TO |
ISIN : CA73755L1076 |
CUSIP : 73755L1076 |
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Potash Corp. is a producing company based in Canada. Potash Corp. is listed in Canada. Its market capitalisation is CA$ 21.7 billions as of today (US$ 17.2 billions, € 14.4 billions). Its stock quote reached its lowest recent point on March 24, 1995 at CA$ 10.00, and its highest recent level on September 21, 2007 at CA$ 99.07. Potash Corp. has 840 009 984 shares outstanding. |