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Review and Herald Board Votes for a Smaller Publishing House
Story by Adventist Review Staff
The Board of Directors of the Review and Herald Publishing Association (RHPA) in Hagerstown, Md., moved swiftly last month, to stabilize the financial health of the 165-year old publishing house at a specially-called executive session after year-end reports showed a nearly $943,000 loss for 2013 and continued weakness in the first quarter of the current year. Delbert Baker, board chair, said that the directors were responding to recommendations from management, executive and finance committees, calling for quick and efficient action to turn around the finances of the Seventh-day Adventist Church’s oldest institution.
Key items voted by the RHPA board included eliminating redundancies in several departments of the publishing house; reducing the number of book titles planned for release in 2015; and trimming the editorial and production staff of some RHPA-produced journals. A reduction-in-force of 26 current employees was also authorized, with nearly half of the total being achieved through collaborative retirement agreements with eligible employees. The savings to the publishing house from the workforce reductions are anticipated to reach $1 million in 2014, and more than $1.5 million in 2015. RHPA leadership also plan to lease up to 60,000 square feet of its facility.
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