Pearson to axe office space in restructuring
The shake-up of its corporate offices into a smaller footprint will cost £140m in 2021
8 March 2021 • 8:41am
Pearson will slash a significant amount of its office space as part of a major restructuring of the business.
The educational publisher became the latest FTSE 100 company to ditch large swathes of its property portfolio as it adapts to a more permanent shift to home working.
The restructuring of its corporate offices into a smaller footprint will cost £140m this year. As we change the way we work, we will simplify our property portfolio and occupy a significantly smaller square footage which will be fully technology enabled supporting collaboration and creativity, it said.
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Pearson PLC regroups around digital businesses as profits tumble
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.