Pearson cheered investors by announcing plans for a third broad-scale restructuring, focused on North America, which should lead to further staff reductions. For now, all they are saying is, “We have engaged in a further rigorous cost benchmarking process across our business and have identified a further significant additional cost saving opportunity, the largest parts of which are in general and administrative expenses and in North America. We are currently undertaking the detailed planning to enable us to deliver annualized cost savings of £300m by the end of 2019. We will give more detail on the timing and costs of […]
