Career Education Corporation Reducing Workforce by 600

Career Education Corporation (CEC) CECO, a global provider of post-secondary education programs and services, today announced it will reduce its workforce by about 600 positions across its United States operations. The moves, which will be carried out over the next several months, are aimed at streamlining the company's organizational structure to better align with its long-term business strategy, while considering slowing student enrollments across the private-sector post-secondary education industry. CEC expects to incur a charge of up to $8 million related to severance payments and other costs related to these actions in its fourth quarter of 2010.