Texas A&M University finalized an outsourcing contract Wednesday with Compass Group USA to manage and operate dining, building maintenance, landscaping and custodial services.
The agreement with Compass Group is expected to generate $260 million in cost savings, revenue and infrastructure development for Texas A&M over a 10-year period.
I am very pleased that we are delivering a comprehensive dining and facility services program that will provide a significant revenue source to the A&M System, said Texas A&M System Chancellor John Sharp in a press release Wednesday. This partnership advances my goal to reallocate our scarce resources to recruit, pay and retain faculty and researchers throughout the A&M System. It is truly a win-win and we look forward to their partnership.
Personnel transition from Texas A&M to Compass Group is in progress and includes transitioning employee files and information and enrolling the employees in the company’s benefits programs, according to Jason Cook, A&M vice president of marketing and communications.
Cook said employees of Compass Group will receive a benefits package consistent with the state-funded benefits package they received now, as was promised in June when the outsourcing decision was made.
Employees of Compass will also continue to accrue vacation time as they did as Texas A&M employees, Cook said.