OVERLAND PARK, Kan.--(BUSINESS WIRE)--
Compass Minerals (NYSE: CMP) announced that a new collective bargaining
agreement has been ratified by its Cote Blanche mine employees
represented by USW Local 14425.
The three-year agreement includes pay rate and benefit enhancements to
be more consistent with other U.S.-based Compass Minerals employees as
well as features that provide greater operational flexibility for the
company.
“This agreement is an important step towards creating sustainable
success at the mine and balances the needs of our employees with the
interests of our customers and shareholders,” said Don Brumm, vice
president, operations Cote Blanche mine. “Throughout the entire process,
we’ve had productive and respectful dialogue with the union’s bargaining
committee, which resulted in a positive outcome for all.”
“I am very pleased with the outcome of these negotiations as well as
with the improved engagement of our employees throughout all of our
operations,” said Anthony Sepich, senior vice president, Salt. “The
collaboration that was demonstrated by all involved in the negotiations
is an example of the culture we are building, which we believe will
increase our execution effectiveness throughout the salt business.”
About Compass Minerals
Compass
Minerals is a leading provider of essential minerals that solve
nature’s challenges, including salt for winter roadway safety and other
consumer, industrial and agricultural uses, and specialty plant
nutrition minerals that improve the quality and yield of crops. The
company produces its minerals at locations throughout the U.S., Canada,
Brazil and the U.K., operating 21 production facilities and employing
more than 3,000 personnel worldwide. Compass Minerals’ mission is to be
the best essential minerals company by safely delivering where and when
it matters. For more information about Compass Minerals and its
products, please visit www.compassminerals.com.
This press release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including without limitation statements about the company’s ability to
achieve operational flexibility, sustainable success and increased
execution effectiveness. We use words such as “may,” “would,” “could,”
“should,” “will,” “likely,” “expect,” “anticipate,” “believe,” “intend,”
“plan,” “forecast,” “outlook,” “project,” “estimate” and similar
expressions suggesting future outcomes or events to identify
forward-looking statements or forward-looking information. These
statements are based on the company’s current expectations and involve
risks and uncertainties that could cause the company’s actual results to
differ materially. The differences could be caused by a number of
factors, including without limitation (i) weather conditions, (ii)
pressure on prices and impact from competitive products, (iii) any
inability by the company to fund necessary capital expenditures or
successfully implement any capital projects, (iv) foreign exchange rates
and the cost and availability of transportation for the distribution of
the company’s products, (v) any inability by the company to successfully
implement its cost savings initiatives, and (vi) the effects of changes
in the company’s management. For further information on these and other
risks and uncertainties that may affect the company’s business, see the
“Risk Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” sections of the company’s Annual
Report on Form 10-K for the year ended December 31, 2018 filed with the
SEC. The company undertakes no obligation to update any forward-looking
statements made in this press release to reflect future events or
developments. Because it is not possible to predict or identify all such
factors, this list cannot be considered a complete set of all potential
risks or uncertainties.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20190403005849/en/
Media Contact
Tara Hefner
Director of Corporate Affairs
+1.913.344.9319
MediaRelations@compassminerals.com
Investor
Contact
Theresa Womble
Director of Investor Relations
+1.913.344.9362
womblet@compassminerals.com
Source: Compass Minerals