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...Tuesday, June 9, 2009
The Royal Bank of Canada, that nation’s largest lender by assets, has cut executive positions as it reorganizes its US operations. At least four senior employees were laid off. Royal Bank’s international consumer banking unit, RBC Bank, is based in Raleigh, North Carolina. The unit is undertaking an 18-month reorganization, and hiring an new president, after four [...]
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Thursday, July 16, 2009
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