Norwich Union moves jobs to Asia
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UK insurer Norwich Union announces plans to move 950 jobs to India and Sri Lanka  over the coming year.
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General Electric Co. in Lynn is hiring new laborers. The 18 graduates of the E-Team machinists/welders training program found jobs. Aerospace machinists at a GE vendor are thinking about organizing. Child-care workers at Job Options Inc. in Lynn have a first contract.
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Insurer Royal and Sun Alliance became the latest high-profile British firm to announce a mass transfer of jobs to India, saying it plans to move 1,100 positions there by 2006, saving the group 10 million pounds annually (14.5 million euros, 18.0 million dollars).
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Insurer Royal & Sun Alliance is to transfer 1,100 UK jobs to India, leaving the company's 680 Sunderland staff in fear for their future.
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Insurance company Norwich Union announces that about a tenth of its 4,000 jobs cuts will be in Scotland.
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Royal &amp; Sun Alliance, Britain&#39;s second-largest insurance company, is planning to shift over 1,100 jobs to India as a part of its cost-cutting exercise.
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UK insurance giant Royal &amp; Sun Alliance is to offshore some 1,200 back office and call center jobs to India over the next two years.
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Britain&#39;s largest insurer Aviva says it plans to have moved up to 7,000 UK jobs to low-cost centres in Asia by the end of 2007, the final figure in its controversial programme to shift jobs offshore.
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HUNDREDS of Norwich Union workers were dealt a double blow today after it was announced more jobs in the city were to be lost. Bosses said up to 70 posts were to go abroad while more than 140 jobs would transferred to York.
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About 1.1 million Norwich Union with-profit policyholders will share a bonus of Â£2.1bn, as shareholders get Â£230m.
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A myriad of financial institutions including banks, mutual funds, insurance companies, investment firms and credit-card companies are sending work to overseas locations.
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The English Premier League has taken the first step towards staging some of its matches in Asia, North America and the Middle East.
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Insurer Royal &amp; Sun Alliance will move 1,100 UK jobs to India to cut costs, becoming the latest financial company to shift a large number of staff to Asia where labour is cheaper.
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Norwich Union, the UK's second biggest car insurer, is to put its rates up by an average of 16%.
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Lloyds TSB is moving another 1,000 jobs to India, increasing its workforce in Bangalore and Mumbai to 2,500 by the end of next year.
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As British unions cry foul over an exodus of jobs to Asia, one Indian information technology firm is bucking the trend, hiring 250 more staff at a call centre in Northern Ireland.
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Britainâs biggest insurance company sparked a fresh row today over work being lost to India when it unveiled plans to create almost 1,000 jobs in Asia.