Outsourcing giant Capita could cut jobs to save a further £100 million by 2025, this come after the firm swung to a £107 million loss in 2023.
Last November Capita announced they are to cut 900 jobs to save £60 million, however the latest announcement could see even more jobs lost.
Capita’s recently appointed chief executive Adolfo Hernandez said: “We need to deliver a rapid reduction in our cost base and are on track to deliver the net £60 million annualised cost savings, from the first quarter of 2024, as announced in November.
“Today we are announcing further material efficiency improvements of £100 million to improve our competitive position.
“I look forward to sharing more details on Capita’s future strategy in June.”
