April 18, 2017 / 9:00 PM / 3 months ago

BRIEF-Houghton Mifflin Harcourt estimates annualized cost savings of about $70 mln to $80 mln

1 Min Read

April 18 (Reuters) - Houghton Mifflin Harcourt Co-

* Houghton Mifflin Harcourt - currently estimate annualized cost savings of about $70 million to $80 million exiting 2018 as a result of planned cost-reduction actions

* Houghton Mifflin Harcourt expects to substantially complete actions by end of may 2017 and to substantially complete remaining planned actions by end of 2018

* Houghton Mifflin Harcourt - currently estimates implementation of planned actions will result in total charges of about $41-$45 million

* Houghton Mifflin Harcourt - planned activities expected to result in total reduction of co's workforce by about 8% to 10% across its various locations Source text: (bit.ly/2pxrdin) Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below