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BRIEF-Houghton Mifflin Harcourt estimates annualized cost savings of about $70 mln to $80 mln

April 18 Houghton Mifflin Harcourt Co-

* Houghton Mifflin Harcourt - currently estimate annualized cost savings of about $70 million to $80 million exiting 2018 as a result of planned cost-reduction actions

* Houghton Mifflin Harcourt expects to substantially complete actions by end of may 2017 and to substantially complete remaining planned actions by end of 2018

* Houghton Mifflin Harcourt - currently estimates implementation of planned actions will result in total charges of about $41-$45 million

* Houghton Mifflin Harcourt - planned activities expected to result in total reduction of co's workforce by about 8% to 10% across its various locations Source text: (bit.ly/2pxrdin) Further company coverage:

我们的标准: 汤森路透“信任原则

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