Carillion exits RBS contract two years early
Facilities management giant Carillion has quit its support services contract with the Royal Bank of Scotland (RBS) two years early.
The contract, won in 2014 for a five-year period, provided maintenance, repairs and operation services to the RBS estate, estimated at 1.5 million-square metres, including offices, bank branches and cash and coin centres throughout the UK.
Carillion was also in the process of enhancing RBS customer experience by implementing a target-based operating model protecting the bank from operational risk, creating greater flexibility in service delivery and a more efficient use of energy.
However, a spokesperson for Carillion confirmed that the deal had now ended with the company withdrawing from the contract.
“Carillion has jointly agreed with RBS a managed exit from the contract. This has now been carried out on mutually acceptable terms. A number of people have TUPE’d to the new provider as a result of this agreement,” said the spokesperson.
The news comes after a series of positive contract wins for the company, as it looks to bounce back from City expectations of a 35% earnings slump in 2017 and an 11% slide in 2018.