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Career Education Corp To Cut Jobs, Shut Campuses-Reuters


Thursday, 8 Nov 2012 05:58pm EST 

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. 

Company Quote

4.94
-0.17 -3.33%
4:00pm EDT