Serco steps back after telling suppliers to take 2.5% cut

Public sector outsourcing firm, Serco, has launched a damage-limitation exercise after pressuring its suppliers with a demand to take a 2.5% cut

Public sector outsourcing firm, Serco, has launched a damage-limitation exercise after pressuring its suppliers with a demand to take a 2.5% cut.

The firm issued an emergency statement retracting the demand which was made in an attempt to meet contractual savings ordered by the Cabinet Office.

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