The media and education group, which also owns publisher Penguin Books, said that changes to the way apprenticeship schemes are funded had had a “radical” impact on demand for the courses offered by Pearson in Practice, which are tailored to specific industries and each last between three months and a year.
Around 5,000 apprentices signed up to the schemes will be farmed out to other providers, and around 500 staff, largely based in Nottingham, Manchester and Banbury, have been put into consultation over their jobs.
Pearson paid £95m for Pearson in Practice, then called Melorio, but is expected to take a £120m hit from the closure of the business.
John Fallon, who took over as chief executive of Pearson at the start of this year, said: “We very much regret the decision to plan for closure but we believe we have explored and exhausted all alternatives.”
The company said in October that it would put Pearson in Practice under review because of the changes to the industry.
Choosen excerpts by Job Market Monitor from
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Canada | The Trouble With Apprenticeship | Completion Rate : overall completion rate was 4.9% in 2007
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Apprenticeships face ‘identity crisis’, according to Forum of Private Business writes HR Magazine The Forum of Private Business yesterday warned a group of MPs that apprenticeships are facing an ‘identity crisis’, with business owners in certain sectors concerned that shorter schemes do not provide the same value as longer courses. The Forum’s senior policy adviser Alex … Continue reading »