McGraw-Hill Restructures Operations, Reduces Staff
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The changes will cost the company $23.2 million (pre-tax), including employee severance packages.
"Though it is difficult to reduce staff, the prudent steps we have taken allow us to sharpen our focus entering 2006 and the years ahead," McGraw said.
The McGraw-Hill Companies also reaffirmed double-digit growth in earnings per share from continuing operations in 2005.
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- Companies:
- McGraw-Hill Companies
- People:
- Harold McGraw III
- McGraw
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