*Dun & Bradstreet to Cut 700 Jobs

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Dun & Bradstreet Corp., Murray Hill, NJ, on Friday said it would eliminate 700 jobs worldwide from its business-information division, called the D&B Operating Co., as part of a restructuring to enhance the performance of the unit. It expects most of the actions to be completed by year-end.


The restructuring will result in a pre-tax charge of about $40 million in the fourth quarter.


The company said it is consolidating some of its international operations and streamlining its sales and data collection overseas, and has streamlined its Global Technology Organization. In the United States, D&B said it is leveraging new, more efficient applications in data collection through call center technology. The call center data collection has enabled the company to close 15 field data collection offices.


Earlier last week, D&B said it would spin off its Moody's Investors Service into a separate company, leaving the D&B Operating Co., which provides direct marketers and others with business data.
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