January 6, 2009

McGraw-Hill Cuts 375 More Jobs

Filed under: finance,Publisher,US — DF @ 9:06 am
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According to WSJ: “McGraw-Hill Cos. said it cut an additional 375 jobs during the fourth quarter, primarily in its education business, putting the year’s reduction at 1,045.”

  • McGraw-Hill said 215 of the fourth-quarter job cuts were in the education segment.
  • McGraw-Hill’s work force is about 21,000.
  • The latest reduction will result in a charge of $16.4 million, or five cents a share, for the period.

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