Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
worldwide
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58.11 - Book publishing

3,000 jobs
Number of planned job losses
Job loss
Announcement Date
4 August 2017
Employment effect (start)
4 August 2017
Foreseen end date
31 December 2020

Description

Education publisher Pearson announced the plan to cut 3000 jobs, by 2020. The majority of the job losses will come in late 2018 and early 2019 and will account for almost 10 percent of the group total. The job losses are expected to be worldwide and are a result of the drop in student enrolments in the USA as well as the rapid move to digital and education policy shifts in the UK. In 2016 the company has already undergone major restructuringand recently a new centre has been opened in Northern Ireland.

Pearson is the world's largest educational publisher and employs 5,000 people in the UK.


Sources

  • 4 August 2017: Guardian
  • 4 August 2017: CNBC

Citation

Eurofound (2017), Pearson, Internal restructuring in World, factsheet number 91709, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91709.