Macmillan Cuts
64 Positions
From Kids Group
NEW YORK, NY (Autorlink News, December 15, 2008) --Only a week after announcing a freeze salaries on salaries of $50,000 or more, Macmillan Publishing has now cut 64 jobs across the board at both its trade and college imprints and at Scientific American magazine. The cuts represent about 4% of the U.S. workforce. Positions have been eliminated at all imprints.
CEO John Sargent said the company will unify its children's divisions, bringing all under one to be called Macmillan Children's Publishing Group. Dan Farley will head the new group and also will continued to oversee Henry Holt.
Sargent said the company s trying to "bring some leverage to this market." As part of that effort, Macmillan will form a dedicated sales force for the children's division. The centralized restructuring will help Macmillan operate more efficiently. He said Macmillan will not reduce the size of its list.
No comments:
Post a Comment