LONDON Pearson (PSON.L), the global education company battling a downturn in its biggest markets, said it would cut more costs and consider selling its U.S. school courseware business in the latest attempt to restructure.
Pearson, which has issued five profit warnings in four years after students in the United States started renting rather than buying text books, said it would cut its cost base by 300 million pounds ($388 million) a year by the end of 2019.
Employing 35,000 people, Pearson provides everything from textbooks to school testing, college courses and online degrees, with Britain, the United States, South Africa, Brazil and China its most important markets.
It has been hit in recen…
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