Wiley Announces Plan to Close Edinburgh Office
Hoboken, NJ June 19, 2012. John Wiley & Sons, Inc. (NYSE: JWa & JWb), today announced its proposal to close the Edinburgh facility in June 2013 when the lease expires. As a result, Wiley will relocate the operations currently performed at this location to Oxford and Asia.
The proposal would expand the ongoing globalization of Wiley’s Content Management operations, which already has a substantial presence in Singapore. The reallocation is intended to deliver substantial financial benefits while preserving operational success.
“Content Management has a substantial presence in Singapore, and has been working with typesetters in the Asia Pacific region for many years,” said Steve Miron, Senior Vice President, Wiley-Blackwell. “This proposal would deliver substantial financial benefits enabling Wiley to invest further in serving the evolving needs of our customers.”
Mr. Miron explained that the decision was not made without carefully balancing the opportunities and consequences and weighing difficult choices. “In the coming weeks, we will be consulting with colleagues who may be affected and to ensure that they are supported and treated fairly and with great care, in a manner that is consistent with our values in these difficult circumstances.”
Wiley-Blackwell is the international scientific, technical, medical, and scholarly publishing business of John Wiley & Sons, Inc. (NYSE: JW.a, JW.b), with strengths in every major academic and professional field and partnerships with many of the world’s leading societies. Wiley-Blackwell publishes nearly 1,500 peer-reviewed journals and 1,500+ new books annually in print and online, as well as databases, major reference works and laboratory protocols. For more information, please visit www.wileyblackwell.com or our new online platform, Wiley Online Library (wileyonlinelibrary.com), one of the world’s most extensive multidisciplinary collections of online resources, covering life, health, social and physical sciences, and humanities.