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Career Education Corp To Cut Jobs, Shut Campuses-Reuters
Reuters reported that Career Education Corp will close 23 campuses and cut 900 jobs amid losses and falling student enrollments that also threaten to affect its financial position. The Company on November 08, 2012 said the job cuts, which will be completed by January 2013, are expected to save about $45 million to $55 million. The campuses that are to be shut are expected to contribute about $124.3 million of revenue for the year ending December 3, 2012. The campuses will remain open to offer current students the ability to complete their course.
Latest Developments for Career Education Corp
- Career Education Corp Names Scott Steffey As President And Chief Executive Officer
- Career Education Corp. Announces Sale Of Istituto Marangoni
- Career Education Corp. Authorizes Additional $100 Million For Repurchase of Stock
- Career Education Corp. Announces Resignation Of Chief Executive Officer And President
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