The Channel logo

News

By | John Oates 31st May 2006 10:47

Serco consults on job cuts

Company meeting this afternoon

Serco is in discussions with staff about likely job cuts. Staff first heard the news a week ago, and the company has set up a committee to hear employees' views - the first meeting is being held this afternoon.

A source at the company told the Reg that staff were surprised by the decision because the firm carried out restructuring just last year. Serco bought ITNet for £235m in December 2004.

The number of job losses depends on the outcome of discussions, but the figure is believed to be around 170.

A spokesman for Serco said: "We've started the consultation process - the first formal meeting is this afternoon. We'll be talking to staff and are committed to treating them fairly and sensitively. Until this process is over I can't confirm any numbers."

Serco likes to talk up its employee relations - 35 per cent of staff have formal union agreements.®

alert Send corrections

Opinion

Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella
Stranded_ships

Chris Mellor

Thousands of layoffs announced as spinning rust enters its death spiral

Features

STRASBOURG, JUNE 29, 2016: The seat of the European Parliament. by Marco Aprile for shutterstock. EDITORIAL USE ONLY
Plan b, image via Shutterstock
EU workers, new markets: post-Brexit pressure on May & Co
Tough question, pic via Shutterstock
Honest mistake with your licensing? Audit police look at it on a 'case by case basis'