Serco is looking to trim 500 jobs

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The Independent Online

More than 500 jobs were on the line at Serco yesterday after the outsourcer which makes its money by cutting its customers' costs took a look at its own wage bill.

Serco, which runs swathes of British public-sector services, including prisons, the Docklands Light Railway and the Boris Bike scheme, said it was "streamlining the management of its UK business", as well as its back-office staff. Most of the job cuts are likely to involve Serco's offices in Hook, near Basingstoke. It employs 35,000 people in the UK and 100,000 worldwide.