Top US/UK Trade Talk: McGraw-Hill Shrinks; Managers Buy Borders UK

In Feature Articles, Global Trade Talk, News by Edward Nawotka

By Edward Nawotka

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McGraw-Hill Education has re-organized it’s elhi division and laid off 335 people (after eliminating 445 people last year), reports Publishers Weekly. The wider McGraw-Hill company is eliminating another 210  positions throughout the firm.

Publishers Lunch also focused on the lay-offs, noting: “The company’s announcement, however, simply focuses on ‘creating  achievement-focused preK-12 education group to help students develop 21st century skills.’ That new focus somehow accounts for most of the layoffs: “the majority of the actions were related to the steps taken to support the segment’s new PreK-12 organization.”

In London, The Bookseller revealed that Philip Downer, chief executive of Borders UK,  and Mark Little, the  company’s finance director, led a management buyout of the chain. Earlier this week, five store leases were sold to clothing store chain New Look, including the company’s flagship Oxford Street location.

BookBrunch noted that Colin Cotterill won the Crime Writers’ Association Dagger in the Library Award, which is sponsored by Random House.

About the Author

Edward Nawotka

A widely published critic and essayist, Edward Nawotka serves as a speaker, educator and consultant for institutions and businesses involved in the global publishing and content industries. He was also editor-in-chief of Publishing Perspectives since the launch of the publication in 2009 until January 2016.