Brief: Compass Minerals International Inc - Took Initial Steps To Align Company's Cost Structure To Its Current Business Needs

Compass Minerals International

04/04/2023 21:27

April 4 (Reuters) - Compass Minerals International Inc
 CMP.N :
    * COMPASS MINERALS INTERNATIONAL INC - TOOK INITIAL STEPS TO
ALIGN
COMPANY'S COST STRUCTURE TO ITS CURRENT BUSINESS NEEDS
    * COMPASS MINERALS INTERNATIONAL INC - ELIMINATED 48.5
FULL-TIME
EMPLOYEE (FTE) POSITIONS, REPRESENTING APPROXIMATELY 16% OF ITS
CORPORATE WORKFORCE
    * COMPASS MINERALS INTERNATIONAL - ALL EMPLOYEES WHOSE
POSITIONS
WERE ELIMINATED HAVE BEEN OFFERED SEVERANCE PACKAGES, INCLUDING
OUTPLACEMENT SERVICES
    * COMPASS MINERALS INTERNATIONAL INC - EXPECTS TO INCUR A
CHARGE
IN CONNECTION WITH THESE TERMINATIONS OF ABOUT $3.3 MILLION IN
FISCAL 2023
    * COMPASS MINERALS INTERNATIONAL INC - IN COMING MONTHS,
INTENDS
TO FOCUS ON THOROUGHLY EVALUATING COSTS AT ITS PRODUCTION AND
PACKAGING SITES


Further company coverage:  CMP.N 

 ((Reuters.Briefs@thomsonreuters.com;))