- In a bid to gain $260 million in revenue and savings over the next decade, Texas A&M University is outsourcing its building maintenance, landscaping, and dining services to North Carolina-based Compass Group.
- Texas A&M staff members have been told their jobs are guaranteed for two years with comparable benefits and the same salary, though all 1,647 employees will have to resign from their current positions, join Compass Group, and undergo a reapplication process and background checks.
- Many workers are still concerned, as are local vendors, who have yet to hear from Compass Group and are fretting over the potential loss of one of their biggest clients.
From the article:
When the Texas A&M University System announced that its flagship would gain $260 million in new revenue and savings in the next 10 years by outsourcing its building maintenance, landscaping and dining services, Chancellor John Sharp said the plan was an unprecedented way to raise money in financially struggling higher education. ...