Remploy soldpublished at 15:07 Greenwich Mean Time 12 March 2015
The government has sold its majority stake in Remploy, the government-funded agency that helps disabled people find work, to a US company called Maximus. The 70% stake has been sold to the firm, which previously took over responsibility from Atos for assessing whether claimants are are eligible for sickness and disability benefits. The remaining 30% of the new company, which will continue to be known as Remploy Limited, will be owned by employee shareholders.
Employment Minister Esther McVey, who announced last year that Remploy was to be privatised, today confirmed the commercial process had been completed. It will transfer from government ownership to that of the joint venture early next month.