Serco Seals Australian Immigration Services Deal

from SERCO has signed a 1 billion pound contract to continue running Australia’s onshore immigration detention services, the company said on Wednesday.
Though less lucrative than in previous years, the work is a welcome boost to Serco, the share price of which has been in freefall after a string of contract failures and profit warnings.
The contract, the value of which is dependent on the number of people in Serco’s care, had been the the company’s biggest in 2013, accounting for a tenth of its revenue. Its value, however, has plunged more recently as Australia pushes ahead with tough policies to deter refugees arriving by boat.
In mid-2013 the number of immigrants under Serco’s watch had reached 10,000 but now stands at about 3,000, it said.
Serco said the new five-year deal for services including accommodation and education at immigration detention centres was valued by the Australian government at 1 billion pounds but that its own valuation is lower, based on the number of people in its care.

SERCO: The Biggest Company You’ve Never Heard Of


Want Worldwide PEACE and Prosperity. We are the solution we have been searching for... Free People on Earth will solve our crisis and create an era of Creativity. Be Aware; Be Creative; Be Active; Be Free; and then Share it. LOVE & Wholeness AMOR y Paz

Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Freedom-Expressed

Please Contribute a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 395 other followers
The Worldwide Awakening
Peaceful Awareness & Knowledge Based TransitionSeptember 11, 2017
Exercise freedom and creativity for all Earth’s inhabitants to explore ready breakthroughs in Self Organizing Communities, economics, and technology. This is a D.I.Y. project
State Sponsored Terror
The Big Day ReportMarch 30, 2018
Institutions of crime Big days have come, gone, and come again (Manipulations: Market Exchanges crash, wars, government Elections, and Taxation). Search for what is hidden and for what is not spoken. What secrets are hidden in Antarctica? Be Aware of the next big Day for fraudulent institutions.
Peace Today

Peace Today

RonMamita’s Blog
December 2014
All posts here
Audio coming soon!
%d bloggers like this: