Serco Wins DWP Restart Contract With Estimated £350 Mln Value; Lifts FY21 View; Stock Up
HOOK (dpa-AFX) - Outsourcing services company Serco Group Plc (SRP.L) announced Tuesday that it has been awarded two contracts by the UK Department for Work and Pensions or DWP to help people find jobs in the West Central region and Wales as part of the Restart programme.
The combined value over the initial four and a half-year contract period is estimated to be around 350 million pounds. The amount is dependent on the number of people who find employment. The contracts have options to extend for a further two years.