Compass Minerals (CMP) said Tuesday that it reducing its corporate workforce by 10% and closing its fire retardant business, Fortress North America, as part of cost-saving efforts.

The actions will eliminate nearly 50 positions, according to the company.

Compass Minerals said it expects run-rate cost savings in the range of $11 million to $13 million for the trailing 12-month period ended Dec. 31, 2024.