The publisher said that the restructure will "accelerate our transition from print to digital business models" in its 2012 results.

Pearson expects to make a £100m annual cost saving from the restructure in 2013, which it vowed to reinvest in 2014 to accelerate its digital shift within its education businesses.

The FT revealed that there would be an unspecified number of job losses as the restructure is rolled out over the next two years.

The expense will also aid the separation of book publishing arm Penguin, which is expected to complete its merger with Random House in the second half of this year.

Pearson expects that the merged operations will benefit from greater resources to invest in new digital publishing models as well as shared printing, distribution and warehousing functions with Random House’s German owner Bertelsmann.

Meanwhile, ebook sales grew in 2012, accounting for 17% of Penguin’s global turnover compared to 12% in 2011.

FT revenues climbed 4% in 2012 to £443m as digital subscriptions reached 316,000, accounting for over half of the combined 602,000 print and digital circulation for the first time. Digital revenues accounted for 50% of FT’s turnover for 2012 up from 31% just four years ago.

Pearson chief executive John Fallon, who succeeded Marjorie Scardino, said: "The restructuring is designed to strengthen dramatically Pearson’s position in digital education services and in our most important markets for the future.

"Trading conditions are tough and structural changes mean many of our traditional publishing activities are under pressure."

Revenues for the year grew by 5% to £5bn. However, operating profit was slashed by 54% to £515m compared to £1.1bn in 2011, when the publisher enjoyed a £412m profit on the sale of Pearson’s 50% stake in FTSE International. The 2012 profit was also further reduced due to the £113m costs associated with the closure of Pearson in Practice.