In a ten-year deal, PwC’s Business Process Outsourcing division will take a ‘supermarket sweep’ worth as much as £60m to the Big Five firm.
PwC will assume responsibility for the supermarket chain’s South Shields finance centre, boosting the firm’s staff by more than 350 people from 1 July.
Global leader of BPO at PwC John Barnsley, said: ‘Safeway’s management is to be congratulated on recognising the benefits of BPO for its core business and competitive edge, management focus, staff careers and shareholder value.’
Safeway FD Simon Laffin added: ‘This agreement is beneficial for all concerned.
‘We are confident that our finance and accounting staff will enjoy enhanced career prospects with a specialist finance and accounting organisation with a worldwide capability and reputation.’
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.