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Home > Book Trade News > McGraw-Hill Cuts 375 More Jobs

McGraw-Hill Cuts 375 More Jobs

Posted at 6:21PM Tuesday 06 Jan 2009

McGraw-Hill said it cut an additional 375 jobs during the fourth quarter, primarily in its education business, putting the year's reduction at 1,045.

The textbook publisher and financial-information provider has been reporting weaker results for 2008 as its Standard & Poor's unit has been hurt by the credit crunch. S&P, the world's largest bond rater by revenue, has had less debt to grade as credit markets seized amid scant investor interest.

Wall Street Journal item


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