Mitie

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Administrative Services
Office Administrative, Office Support And Other Business Support Activities
Business Support Service Activities N.E.C.
82.99 - Other business support service activities n.e.c.
480 jobs
Number of planned job losses
Job loss
Announcement Date
20 September 2017
Employment effect (start)
Foreseen end date
31 March 2018

Description

Outsourcing group Mitie has revealed plans to cut 480 jobs. The job cuts form part of 'Project Helix' - the strategy aimed at reducing costs by 40 million GBP by 2020.  It is not yet known which of the groups 53,000 jobs will be affected, though it is being reported that cuts are expected at managerial levels in the company's engineering and cleaning divisions. The cuts are expected to be complete by the end of the current financial year. Reports suggest that alongside these current job cuts, Mitie is also considering the sale of its property management business. 

Sources

  • 20 September 2017: Insider.co.uk
  • 20 September 2017: The Telegraph

Citation

Eurofound (2017), Mitie, Internal restructuring in United Kingdom, factsheet number 92240, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92240.