"due to the significant reduction in one particular contract"
Why not just say it....the contract is the Managed Service contract you were providing to the WM Morrisons Supermarket Chain, which you lost in Tender to Fujitsu. How do i know that? I worked there, on that contract! - A poor sales presentation and an inability to "sell" what a great service had already been done, you lost a massive amount of ££££ as well as a number of great engineers, myself included.