UK education group and publisher Pearson will cut 3000 jobs and has slashed its interim dividend as the group ploughs ahead with a ￡300m cost-saving efforts.
The group, which reported its biggest ever loss last year, said it will reduce its full-time employee headcount “with a particular focus on managerial positions, centralisation of procurement and the reduction of office locations”.
The FTSE 100 company will also slash its interim dividend from 18p to 5p – in line with analyst forecasts. The former owner of the Financial Times reported a 1 per cent rise in sales in the six months ending in June to ￡2.047bn compared to the same period last year.
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