EmploymentSpectator

McGraw-Hill Consolidation to Cost 550 Jobs

McGraw-Hill will consolidate its educational publishing businesses into a single group, costong 550 employees their jobs. The firm will also sell BusinessWeek magazine. The company employs 21,650 workers. McGraw-Hill cut a total of 1,045 positions last year, or 4.9% of its 21,171 employees as of the end of 2007. Founded in 1917, McGraw-Hill is headquartered in Rockefeller Center [...]

Continue reading...

McGraw-Hill Edits Out 375 More Jobs

McGraw-Hill, owner of the Standard & Poor’s credit-rating service, cut 375 more jobs in Q4 as the economic meltdown erodes revenue. The layoffs will reduce Q4 earnings by $16.4 million after taxes, or 5 cents a share, the company announced. The education-publishing unit lost 215 positions. Seventy jobs were cut in information & media, 40 from the [...]

Continue reading...