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HERD

S&P TO MAKE STAFF REDUCTIONS

The McGraw-Hill Co. announced it is to restructure certain business operations to enhance its growth prospects in 2002 and beyond. The restructuring includes the reduction of approximately 925 employees, or 5 percent of the workforce. In the Financial Services segment there will be approximately 50 employee reductions. "The decision to eliminate staff is difficult, but the long term interests of the corporation are best served by effectively addressing the needs o

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