BRIEF-McGraw Hill Ryerson-announces strategic initiatives

Thu Nov 21, 2013 12:56pm EST
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Nov 21 (Reuters) - Mcgraw Hill Ryerson Ltd : * Announces strategic initiatives * Says expects that this restructuring program will affect approximately 25

positions * Plans to consolidate its distribution capabilities into McGraw

Hill-education's U.S.-based distribution system * Restructuring initiative is expected to incur an estimated total one-time

expense of $2.2 million * Says intends to list for sale the head office building located at 300 water

street in Whitby, Ontario * Closing of the warehouse facility in 2014 as a result of the consolidation of

the distribution function * Source text for Eikon * Further company coverage