£12.5m double deal gives Exult outsourcing edge

first_img Previous Article Next Article Related posts:No related photos. Comments are closed. Exult has signed a further two deals to provide HR services, boosting itspresence in the outsourcing market.The provider, which last month signed a £370m five-year contract to take onBP Amoco’s administrative HR functions, will handle personnel services for carparts firm Tenneco Automotive and packing company Pactiv. The combined cost ofthe deals is $20m (£12.5m).The US-based organisations have 24,000 and 17,000 employees respectively anda combined turnover of $5.4bn (£3.4bn).Under the three-year deal with Pactiv, Exult will take over the company’sclient service centre. It will use the site to provide HR services to BP Amoco and future clients.Exult is building two service centres in the UK in the wake of the BP Amocodeal, its first major HR outsourcing contract.David Cook, Europe, Middle East and Africa leader of PricewaterhouseCoopersHR outsourcing division, said interest in HR services had grown significantlyin the past two months.But he said the HR industry does not yet understand how outsourcing HR willwork.”They think of IT outsourcing, where companies drop in and take overthe entire function. HR is not like that,” he said. £12.5m double deal gives Exult outsourcing edgeOn 25 Jan 2000 in Personnel Todaylast_img read more