Atos and Nest part company two years into 18-year £1.5bn contract
The UK's National Employment Savings Trust , an occupational pensions scheme, has ended its £1.5 billion deal with French IT services supplier Atos just two years into its potential 18-year term.understands the collapse of the contract may lead as many as 1,000 Atos job losses in the UK and India.
Atos was contracted to provide software, networking, and IT infrastructure necessary to run the service, underset for an initial 10-year term, with options to extend for another five years, plus a three-year transition. The £1.5 billion value relates to the maximum 18-year term. The categories in scope of the Nest procurement included software packages, databases, operating systems, and IT consultancy services.
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