McGraw Hill cuts additional 375 jobs
- 15 years ago
http://www.EmploymentCrossing.com
McGraw Hill said it cut an additional 375 jobs during the fourth quarter. The cuts were primarily in its education business, putting the year's grand total at 1,045.
The company has been reporting weaker results for 2008 as its Standard & Poor's unit has been negatively impacted by the financial crisis.
McGraw-Hill's education business' third-quarter profits slid 15 percent as sales declined 3.8 percent. McGraw-Hill said 215 of the fourth-quarter job cuts were in the education segment.
McGraw Hill said it cut an additional 375 jobs during the fourth quarter. The cuts were primarily in its education business, putting the year's grand total at 1,045.
The company has been reporting weaker results for 2008 as its Standard & Poor's unit has been negatively impacted by the financial crisis.
McGraw-Hill's education business' third-quarter profits slid 15 percent as sales declined 3.8 percent. McGraw-Hill said 215 of the fourth-quarter job cuts were in the education segment.