Capita’s Lewis sets out his stall but will it settle nerves?

Extracts from an article by Ben Marlow, Deputy Business Editor at the Telegraph.

“You might ask yourself what a veteran oilman knows about Britain’s broken outsourcing sector. Not a lot, one would imagine. Yet, Jonathan Lewis has been handed the gargantuan task of rescuing Capita, another of the industry’s highly troubled companies.

Lewis arrived at Capita last October with 30 years of experience in oil and gas, the majority of it spent at American services giant Halliburton. Still, no one can accuse him of wasting any time getting to grips with what must rank as one the biggest turnaround jobs in UK plc today." [...]

"Bosses at Interserve, another outsourcer in need of a serious fix,will be puzzled about what move to take next. Meanwhile, despite its slow response to Carillion’s woes, the Government must surely have an army of officials drawing up contingency plans – Capita is the biggest supplier of local government services in the country, according to data from Tussell."

Read the full article on The Telegraph website.

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