Texas A&M to Save Millions By Privatizing Positions
Texas A&M University plans to reduce costs by about $92 million.
The campus will enact these savings not by cutting or gutting, but by taking nearly 1,000 positions now filled by public sector employees and turning the work over to private workers.
The 920 public sector employees preform duties such as landscaping, building maintenance, and custodial services.
Compass Group North America will be providing the private workers.
According to A&M officials the savings will occur over 12 years and will be directed by the presidents of each campus.
The operational costs of contracts and other expenses related to the public employees will be reduced by the use cheaper private labor.
A&M has guaranteed that all workers who switch into the private sector will be able to retain their jobs.
Those employees that will be moving into the private sector will begin the transition into Compass Group North America by April 1.