Staff reductions in Carnegie's Swedish operations
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Carnegie has decided on staff reductions of 20 employees in Sweden, following a number of cost-efficiency projects and streamlining of the organisation as well as the development of business area Asset ...
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Computer Associates International Inc. announced a restructuring plan Wednesday that would reduce its work force by 800 people worldwide, saving the business software maker &#36;70 million annually once the plan is fully implemented.
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Unisys plans to lay off 1,400 workers, mainly in general and administrative positions, and consolidate offices worldwide. The cuts represent 3.8 percent of the company&#39;s staff of 37,000, and
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Yahoo has trimmed some staff in India as part of an exercise to improve the quality of its research and development (R&amp;D) team in the country. The company has removed less than 5 percent of staff after they failed in a performance appraisal, according to an informed source. Yahoo employs 1,500 staff in India in R&amp;D and its sales and marketing operations.However, the company continues to hire more staff in India. While declining to confirm the staff cuts, a spokeswoman at Yahoo said Thursday that the company has doubled staff in India each year, and is likely to do so this year as well. &quot;We continue to build a high performance culture in India,&quot; she said.IBM&#160;and Indian outsourcer Tata Consultancy Services have also&#160;trimmed under-performing staff in India, although both have said that the staff cuts are routine annual exercises to weed out under-performing staff. As staff costs in India increase because of shortage and competition, companies may be getting a lot tighter on quality, according to some analysts.Yahoo announced in January&#160;plans to let go about 1,000 of its global staff&#160;in February.
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Staff at Sanmina in Lisburn, have been told the plant is shutting down and relocating.The US owned company, which makes computer cabinets, wants to move to Hungary in a bid to lower its wage bill.  (c) 2007 Belfast Telegraph. Provided by ProQuest Information and Learning.
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Delayed project delayed even more The Department for Work and Pensions (DWP) has said a change in the focus of its benefits operations contributed to the shelving of work on new computer systems.â¦
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By MATT MOORE     STOCKHOLM, Sweden  -- American researchers Dr. Richard Axel and Linda B...
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Swedish truck maker Volvo AB may stop expanding in Sweden and instead steer new investments in production capacity to the United States, the company's chief executive said Monday.
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Computer Associates International Inc. announced a restructuring plan Wednesday that would reduce its work force by 800 people worldwide, saving the business software maker $70 million annually once the plan is fully implemented.
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- Kemet Corp  said it would cut its global workforce by 385 employees, including about 120 in the United States and about 250 in Mexico, leading to annual cost reduction of about $16 million and an one-time cost of about $7 million.
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General Motors&#39; loss-making European division is to cut 12,000 jobs in a bid to save $665m (Â£347m) annually. The redundancies will affect a fifth of its workforce, with 10,000 positions going at Opel plants in Germany.
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Its goal is to reduce the time office staff spends compiling and preparing information for directors to make decisions.
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Once thriving, call centers now are shrinking, a trend that could threaten thousands of jobs. Because of lower wages overseas, technological advances and new do-not-call regulations, call
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By Duncan Adams duncan.adams@roanoke.com 981-3324  Stanley Furniture announced this week plans to lay off 200 of 450 workers at one of the Virginia-based manufacturer's two North Carolina  plants.
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Charlotte-based Bank of America Corp. will slash 4,500 positions from its work force, or about 2.5% of its payroll. The company expects to incur charges of $150 million over three quarters, beginning in the third quarter, from severance payments.
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(InfoWorld) - To cut costs in its growing business, the IT services subsidiary of Swedish transport equipment company AB Volvo moved some work offshore in 2002 to MindTree Consulting, a software services company in Bangalore, India. The subsidiary, Volvo Information Technology AB (Volvo IT), has an operation in Poland that is doing application maintenance, but it wasn't easy to increase the number of staff in that country quickly, said PÃ¤r Forsberg, Volvo IT's competitive sourcing manager. Working with an outsourcer gave Volvo IT flexibility in staffing. "We needed to be able to ramp up and down quickly depending on demand from clients and MindTree was able to meet that requirement," Forsberg said. MindTree also offered skills in the broad spectrum of technology areas that Volvo IT was working on, including Java, .Net, and technologies from SAP AG, he added. MindTree now has about 300 staff doing work for Volvo IT, mainly in applications development, up from less than 20 four years ago. Volvo is one of a large number of multinationals in the U.S., Europe, and Japan that have been flocking to India to outsource software development work, or to set up their own development operations in the country. Many of the U.S. and European companies are also moving call centers and back-office processing work to India. The influx has been a boon to India's economy. Its revenue from software exports and IT services grew by about 33 percent in the year to March 31, to US$23.6 billion, according to Kiran Karnik, president of the National Association of Software and Service Companies (NASSCOM). The numbers include the revenue from both Indian outsourcing companies and the Indian software and services subsidiaries of multinationals. India offers these companies a vast pool of talent at lower cost than they can find in the U.S. and Western Europe. "We've started to see the cost benefits of migrating roles from the U.K. to India, and we are now also seeing a lot of innovation around our IT and business processes coming from the Indian operation," said Meena Ganesh, chief executive officer (CEO) of Tesco's Hindustan Service Center, a subsidiary of U.K. retailer Tesco PLC. Tesco has 1,600 staff in Bangalore. About half develop software, and the rest run back-office processes such as internal support, payroll and accounts payable. Savings have been in the range of 30 to 40 percent, in line with the average for India, Ganesh said. Multinationals like Tesco are also looking beyond low-cost coding work to tap the ability of their Indian staff to innovate. Yahoo India Research and Development, in Bangalore, does product development in the areas of multimedia search and user behavior analysis, said Venkat Panchapakesan, CEO of Yahoo Inc.'s Indian subsidiary. With over 750 staff, the R&D operation is Yahoo's largest outside the U.S. India's key strength is that about 2.5 million students graduate every year. Education is still in English, a legacy of nearly two centuries of British colonial rule. English has also served as a link between India's numerous cultural and linguistic groups. To take advantage of the low-cost labor, companies are expanding their operations at a fast pace. Dell Inc. has said it will double its staff in India to about 20,000 in the next three years. It already runs call centers and does software development in the country. It also said recently it would design servers and storage gear in Bangalore and build a PC manufacturing plant in Chennai. Services companies are also moving in. LogicaCMG PLC of London has 2,300 staff at its offshore operation in Bangalore, and will expand its facility by November to accommodate up to 4,000, said Rahul Patwardhan, CEO of LogicaCMG's global delivery center. Capgemini SA plans to increase its staff in the country from 5,600 today to 10,000 by the end of next year. Customers of these firms want them to have an offshore component in order to benefit from the cost savings, said Siddharth Pai, a partner at sourcing consultancy firm Technology Partners International Inc., in Houston, Texas. Taking advantage of the low costs in India, some services companies are now bidding for contracts at prices even lower than those of Indian outsourcing companies, he said. To achieve a target of $60 billion in outsourcing exports by 2010, the country will have to overcome several issues, however, including a potential shortage of manpower. The industry will need 2.3 million IT, call center and back-office processing staff by 2010, and there's likely to be a shortfall of about 500,000, according to a December report from NASSCOM and the management consulting firm McKinsey & Co. Attracting and retaining staff has already become difficult. Tesco and IBM Corp. have started advertising on billboards to lure staff, promising the chance to work on leading-edge technologies. Some companies advertise jobs on buses used to transport staff to work. Google Inc. and Microsoft Corp. are hosting programming contests to help identify talented people. Most companies offer cash incentives to staff who refer potential employees. Meanwhile, salaries are going up on account of the competition for staff. "Talent is available, but it is becoming a little more difficult to find and get on board the people with the right skills, particularly in IT," Ganesh said. Companies are hiring from outside cities, but finding good English skills there is a problem. LogicaCMG rejects more than half of the applicants for IT jobs not on technical grounds, but because of inadequate English, Patwardhan said. As the back-office processing and call center business expands, less people with good English skills are likely to go in for higher technical education, which in the future could create a shortage of technical staff who speak good English, he said. The problem is that, although India's universities produce graduates, only a small proportion have the skills required -- a quarter of them in the case of engineering graduates, according to Karnik. Only 10 to 15 percent of the general graduates can be employed by the business process outsourcing industry, he said. Karnik suggests sending engineering graduates to a "finishing school" for a few months to hone their skills. Staff for call center and back-office operations could be trained in parallel with their university education. To contain costs and curb attrition, companies are hiring a mix of new graduates -- or "freshers" -- and experienced staff. Between 10 and 15 percent of Tesco's IT staff in India are freshers, a figure the company plans to double during this year. "Once you have a strong middle layer of staff, you can add more freshers without sacrificing quality," Ganesh said. Some companies are also moving to smaller towns, where competition is less. Dell has set up a call center in Mohali, in northern India, while Opera Software ASA has a development center in Chandigarh, also in northern India. As India's IT hubs, particularly Bangalore, expand at a fast pace, real estate and general living costs become expensive, even as the infrastructure, including roads and power supply, deteriorates. Other countries may emerge as greater threats to India, such as China and countries in Latin America and Eastern Europe. LogicaCMG is expanding in Brazil, Morocco, and Europe, to spread its risks and to address some of its non-English speaking customers. Staff costs outside of the Euro zone, in countries like Romania, Ukraine and Russia, are comparable to those in India, Patwardhan said. Outsourcing has also come under attack because of the threat of lost jobs at home. "Protectionism in the U.S. is very related to the employment situation in the country," NASSCOM's Karnik said, adding that it has receded in the past 18 months as employment there has picked up. Other obstacles could also hinder business. Concerns about data privacy could grow as more call center and back-office jobs move overseas. After a case in which Indian staff were alleged to have sold some customer data, NASSCOM initiated measures to strengthen data protection at Indian service companies. A National Skills Registry allows employers in India to check employee backgrounds, and a new watchdog organization later this year will monitor data protection standards. The Indian government is also amending its Information Technology Act of 2000 to give it more teeth in data protection and privacy. Outsourcing companies have also implemented processes such as the BS7799 standard for information security management of the London-based British Standards Institution. "We want to change the rules of outsourcing to India," said Sunil Mehta, vice president of NASSCOM, in a recent interview. "Customers should be interested in outsourcing to India not for lower cost alone, but because of the superior data protection and privacy we offer." Despite the problems, many companies plan to keep India as their main hub for offshore work, and the growth shows no signs of sputtering. Tesco's strategy is entirely based around India, Ganesh said. It has software and back-office operations in Eastern Europe and elsewhere, but these are primarily to service local needs. LogicaCMG also plans to continue expanding in India, and its importance will remain high even as the company expands in other locations, Patwardhan said. Meanwhile new opportunities are emerging, such as non-IT design and engineering services. India's second largest outsourcer, Infosys Technologies Ltd., set up an R&D center in Bangalore last year for French engineering company Alstom SA, to focus on high-end services such as product development, engineering simulation and product life cycle management. The big Indian outsourcing companies, Infosys, Wipro Ltd., and Tata Consultancy Services Ltd. (TCS), are also offering more value-add services such as IT consulting. The country's domestic IT and business process outsourcing market is also growing. Revenue from the domestic market was US$6 billion in the year to March 31, up 24 percent from a year ago, according to NASSCOM. India's software and services revenue will grow by as much as 30 percent next year, to between $29 billion and $31 billion, NASSCOM said. And India's revenue from exports of software development, call centers and back-office processing will grow by 25 percent a year to US$60 billion by 2010, according to the joint report from NASSCOM and McKinsey. "We are well on target," NASSCOM's Karnik said.
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Bank of America plans to cut about 150 city jobs as it trims its overall staff by 4,500, people familiar with the situation said. The cuts at the bank, which already said it would slash 12,500