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Quotes & Info
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| HEW > SEC Filings for HEW > Form 8-K on 14-Mar-2008 | All Recent SEC Filings |
14-Mar-2008
Other Events
Hewitt Associates, Inc. ("Hewitt" or the "Company") expects to restructure one of its outsourcing contracts during the second quarter of its 2008 fiscal year. In conjunction with the restructuring, the Company will transition back to the client certain Human Resource Business Process Outsourcing services and extend the Benefits Outsourcing services portion of the contract. The Company estimates that the total charges associated with the restructuring will range from $16 million to $23 million, $4 million of which was previously reserved in the first quarter of the Company's 2008 fiscal year. The charges primarily relate to transition costs. Although the Company believes its estimates are appropriate and reasonable based on available information, actual results could differ from these estimates.
This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed under the "Risk Factors" heading in the Business section of the Company's most recent annual report on Form 10-K filed with the Securities and Exchange Commission ("SEC") and available at the SEC's internet site (http://www.sec.gov). The Company disclaims any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or any other reason.
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