Outsourcing giant Capita who runs recruitment for the British Army have announced they are to cut up to 900 jobs.
Capita will launch consultations as the company are looking to save £60 million per year from the “first quarter in 2024.”
Chief executive Jon Lewis said, “We are, today, announcing the accelerated delivery of the efficiency savings announced in our half-year results, with a £20 million increase in overhead cost reduction to £60 million on an annualised basis from the first quarter of 2024.
“As part of the organisational review which underpins the programme we are announcing today, we continue to identify further areas of cost efficiency and will pursue these during 2024.”
The company said, “The organisational changes proposed primarily impact indirect support function and overhead roles which mean that approximately 900 roles are at risk of redundancy.”
They added, “Based on an extensive organisational review, the group will shortly commence employee consultation programmes which are expected to deliver cost savings of £60 million on an annualised basis from the first quarter of 2024.”
