PwC secures Nortel outsourcing deal
PricewaterhouseCoopers has stepped up its outsourcing business with a deal to take over administrative support for US/Canadian internet giant Nortel Networks in Europe.
PwC is set to take on 165 Nortel employees, based in the south east of England and France, to administer a range of functions from payroll, human resources and workforce performance in the UK to non-production purchasing and accounts payable across Europe.
The deal follows an original five-year BPO agreement signed between PwC and Nortel in April to run management operations in the US and Canada.Nortel, with a $21.3bn revenue last year and 70,000 employees worldwide, offers PwC a massive multimillion pound global market as demand for communications network expands.
The move follows Safeway’s decision to outsoruce its internal finance and accounting processes to the Big Five firm.