Jobs Head Eastward As MNCs Cut Costs
238962
By Liu Jie  It's occurred from Airbus to Lenovo, General Motors to Citigroup, and Dell to Motorola. A string of multinational companies (MNCs) have entered into merger and acquisition deals or carried out internal restructuring, resulting in layoffs.
98838
Some companies are pulling customer care services back to U.K., but investment in offshore markets expected to continue.
155023
About 1,000 of those positions will be shifted to lower-cost operations in Mexico, China and India.
334330
NEW YORKâSoftware maker Computer Associates International Inc. says it will cut 800 jobs, or 5 per cent of its workforce, to reduce costs amid weaker demand and falling prices for software and services.
81853
At least 7,000 jobs are set to go at computer firm Dell after it said it would cut its global workforce by about 10%.
648251
Global Crossing plans to eliminate 600 jobs, roughly 15 percent of its workforce, by March 2005 as part of a restructuring plan. The company needs an additional $40 million in financing to fund
172536
Rising wages on China's more prosperous eastern coast are pushing some factories inland where labor is cheap.
442883
An additional 3 percent of staff positions will be "offshored" as part of the company's $1.5 billion cost-cutting drive.
321661
The latest economic data from South Korea and Singapore suggests the US slowdown is hitting East Asia.
69401
German business software vendor SAP plans to relocate a number of administrative jobs from its German headquarters and European subsidiaries to Prague, in a move aimed at streamlining its operations and reducing costs.
753580
EMC&#39;s Asian operations are back on track after sluggish growth during early 2006, and the company aims to take Asian market share away from rivals and push into new market segments.&quot;We went from worst to first,&quot; said Steve Leonard, president of Asia-Pacific and Japan, explaining that Asia went from being EMC&#39;s slowest-growing region in 2006 to its fastest in 2007.EMC&#39;s Asia-Pacific revenue grew 24 percent during 2007, hitting $1.46 billion. By comparison, revenue from Asia grew by just 6 percent during 2006, which was lower than previous years and far slower than EMC&#39;s growth in other regions during that period.Gartner and IDC pegged Asian storage revenue growth at around 23 percent during the third quarter, the most recent period for which figures are available.&quot;We see EMC very well placed as a storage vendor in Asia,&quot; said Avneesh Saxena, group vice president of systems, storage, and software research at IDC Asia-Pacific, citing EMC&#39;s improved channel relationships and &quot;software-driven approach&quot; to developing storage products. &quot;They aren&#39;t just selling boxes,&quot; he said.Even so, taking storage market share away from rivals won&#39;t necessarily be easy for EMC, Saxena said, noting IBM and Hewlett-Packard are firmly entrenched in key Asian markets.EMC&#39;s turnaround&#160;is largely a credit to Leonard, who was hired in 2006 and given the job of transforming its Asian operations.Getting the company back on track in Asia involved a variety of steps, including shaking up the company&#39;s sales teams and building stronger ties with channel partners. EMC also embarked on an aggressive expansion in India and China to spur growth in these markets and tap into the vast pools of engineering talent there.&quot;We effectively had zero software-engineering capabilities resident in China during the summer of 2006. I was just up in Beijing and we are going to hire our 1,000th engineer this quarter,&quot; Leonard said.Looking ahead, EMC is counting on new products that tap user demand for information storage, content-management capabilities, and security to spur further revenue growth in Asia. In a break with EMC&#39;s traditional sales focus on large corporations and organizations, the company also plans to expand into new markets, offering storage products and services for small business and even consumers.At the top end of the market, EMC hopes to generate more sales with a line of flash memory-based drives, announced last month, designed to replace some disk drives in the company&#39;s Symmetrix storage arrays.&quot;EMC is in a very high innovation cycle right now. It&#39;s been bringing more things out to the market than at any moment in its history,&quot; Leonard said.While the woes of early 2006 are now history for EMC, the company still faces challenges in Asia. In particular, Japan remains a difficult market.EMC is working to improve its Japanese operations, but it will take time for these efforts to yield the desired results, Leonard said, calling the company&#39;s transformation there a &quot;work in progress.&quot;&quot;We&#39;ve had dozens and dozens of meetings with executives from leading Japanese companies, essentially to say, &#39;We&#39;re committed to being a better local company, we&#39;re asking for your support,&quot; he said.As part of these efforts, EMC turned to sport to help raise its profile in Japan. The Massachusetts-based company is sponsoring the Boston Red Sox baseball team&#39;s upcoming March visit to Japan and will use the occasion to woo prospective customers and partners. Baseball is very popular in Japan and Red Sox pitcher Daisuke Matsuzaka is a celebrity in his home country, where he played professionally for several years.&#160;
301834
Here is look at Western European countries affected by offshoring jobs to Eastern Europe, Asia and Africa.
693792
The US company says it plans to cut its global workforce by 10% over the coming year, but no decision has been made yet about how many jobs will be shed in Ireland.  It says the lay-offs are a result of falling sales and increasing costs in recent years.
346192
General Motors Europe announced yesterday that it will cut 12,000 jobs on the continent by the end of 2006 in a plan aimed at saving US$617 million per year.
34028
US industry is increasingly turning to countries like Mexico and China for its manufacturing, and to India for high-end services like computer programming.
579459
Russia, other nations in east are latest destinations for OEMs, suppliers. Facing tighter margins and continuous needs to be closer to market, automobile manufacturers in Europe continue to seek out low-cost ...
666314
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.