Retail therapy for PwC
PricewaterhouseCoopers has won a contract to look after part of Safeway's internal finance and accounting processes.
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.’