Serco Axes 800 Jobs After Consolidation
800 job cuts were yesterday as outsourcing giant Serco consolidated functions following a series of acquisitions and administrators of Thamesteel cut most of its workforce.
Serco, which delivers back-office support for a range of industries including banking, insurance, travel and healthcare, is merging its business processing operations into a single global division.
The move will be combined with an overhaul of its UK management structure.
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