Serco, the UK contractor that operates Dubai Metro, yesterday said it would restructure the management of its Middle East division as it looks to cut costs.
The London-listed Serco will abolish the headquarters of its Australasia, Middle East, Africa and Asia (AMEAA) region, which means this unit will report directly to the group chief executive.
“This change will simplify the management structure, reduce cost and give our important growth markets in the Middle East and Australia greater visibility,” said Rupert Soames, Serco’s chief executive.
The international public sector contractor has sought to cut costs as its profits were affected by a decline in business and a series of scandals in the UK. More info