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Evening Standard
Evening Standard
Business
Daniel O'Boyle

New Capita boss promises ‘rapid reduction’ in costs after £107m loss

The new boss of outsourcing giant Capita, among the biggest beneficiaries of Government contracts, has promised a “rapid reduction” in costs after the business swung to a £107 million loss in 2023.

The business is one of the UK’s largest employers with a 43,000-strong workforce, offering staff for many crucial Government functions, including a large amount of NHS support staff.

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