Mitie’s transformation plan will see job losses and possible sale of Property Management business

Mitie has revealed plans to reduce headcount by the end of the current financial year, and is currently looking at the sale of its Property Management business.
The outsourcing company announced its intentions as part of the Group’s wide-cost transformation process – Project Helix- in its pre-close trading statement for the half-year ended 30 September 2017.
Project Helix aims to see a reduction in Group operating costs on an annualised basis of £40 million by FY2020. However,