AUSTIN, TX — Texas A&M University has announced that it is hiring a private company to run a number of campus services, including building maintenance and cleaning, according to the Statesman.
University officials claim the move to privatize is worth about $260 million in cash and savings for the school over the next decade, the article stated.
According to the article, the idea of privatization had raised fears that hundreds of jobs at the flagship campus would be in jeopardy.
A&M System Chancellor John Sharp said the North Carolina-based Compass Group has agreed to keep workers in their jobs as well as to match their current salaries and benefits, the article noted.
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