Pearson to retain office locations in Strand, Oxford and Harlow

Pearson to retain office locations in Strand, Oxford and Harlow

Pearson has confirmed it will be keeping office locations at Oxford and Harlow, and at its headquarters at 80 Strand WC2, despite this week announcing a strategy of "significantly" reducing office space.

Revealing its 2020 results and a company reorganisation, Pearson said on Monday (8th March) that it would simplify its property portfolio and occupy "significantly smaller square footage". The restructure of the office space would involve a P&L charge of £130m in 2021 and a cash cost of £10m, "with a recurring benefit of £10m in 2022 rising to £20m per annum in later years", it said.

A co...

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