Insurance giant to &#39;export&#39; 1,100 jobs to India
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One of the country&#39;s biggest insurance firms today announced plans to transfer more than 1,100 jobs to India over the next few years, sparking fears of a &quot;crisis&quot; in the UK.
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This fourth priority&#39;s main focus has been improving or obtaining CRM and ERP software for the past year and a half. India&#39;s software exports are on track to grow by 30 percent in the 2004-2005 fiscal year
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Norwich Union is to offshore 950 jobs to India and Sri Lanka next year, with the loss of work in Norwich and York. The insurance giant said it will do all it can to minimise compulsory redundancies by redeploying staff to alternative jobs.
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The British news giant continues to shift jobs to India.
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Banking group Lloyds TSB said Tuesday it will transfer about 1,000 British jobs to India by the end of next year.
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Lloyds TSB Group Plc, the UK&#39;s No. 5 bank by assets, plans to move at least another 1,000 employees from Britain to Asia, where labor costs are lower.
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IT services company Accenture will have more staff in India than in any other country by the end of August.
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(InfoWorld) - British insurance company Aviva plans to reduce its U.K. staff by 4,000 by 2008, and move 1,500 IT and BPO (business process outsourcing) jobs to India in a bid to save Â£250 million ($468.6 million) annually. The company is moving 1,000 BPO jobs to its Indian subsidiary Aviva Global Services in Pune and another 500 IT jobs to Indian outsourcers Wipro Ltd. and Tata Consultancy Services (TCS), a spokeswoman for Aviva Global Services said. Aviva's U.K. business Norwich Union plans to save Â£250 million yearly starting in 2008, and the moves will initially cost it Â£250 million by the end of 2007. The savings will come primarily from the company operating more efficiently and reducing duplication in marketing, human resources, finance, and information technology, as well as applying a single approach to procurement and supplier management, the company said. Aviva currently has about 6,000 BPO employees in India and Sri Lanka, including staff of Aviva Global Services and Indian BPO companies working for Aviva. The company also has 1,500 IT staff working on its projects at Wipro and TCS, the spokeswoman said. The addition to BPO staff is part of a plan announced by Aviva in 2004 to have 7,800 BPO jobs in India and Sri Lanka by the end of next year, the spokeswoman said. The number of IT staff working on Aviva projects with outsourcers will also go up to 2,000 during the same period, she added. Aviva announced last month that it was moving over 5,000 BPO staff from third-party providers to its Indian subsidiary. Three Indian BPO companies set up facilities for Aviva on condition that the staff doing Aviva work and the facilities would be moved to Aviva at a later date. Aviva will continue to outsource to third-party BPO and IT services providers even after the transfer of 5,000 BPO staff is complete by January 2008, the spokeswoman said.
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India's software exports are on track to grow by 30 percent in the year to March 2005, despite attempts in the key U.S. market to discourage outsourcing and protect jobs, the industry's head said on Monday.
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American International Group ,  the world's largest insurer, said on Sunday it will offer its  first insurance coverage complying with Islamic law, tapping a  market that could be worth $15 billion by 2015.
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A UK company is formed specifically to help more businesses outsource their operations to India.
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LIVERPOOL was today braced for massive job losses after Royal &amp; Sun Alliance announced it was shifting 1,110 posts to India. A spokesman for the insurance firm said it was too
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Royal &amp; SunAlliance, second-biggest general insurance company in Britain, announced on Monday it will transfer as much as 1,100 jobs to India to raise the number of employees in the country to 1,200 within a couple of years.
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Dell Inc. plans to hire some 1,100   new staff in the U.S. and Slovakia as the world's largest PC   maker expands its development and services operations, Chairman   Michael Dell said on Monday.
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Royal &amp; Sun Alliance (RSA) has become the latest company to move jobs to India. The insurance company has announced its plans to move 1,200 jobs to Bangalore during the next two years.
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DÃSSELDORF, GERMANY - Siemens AG plans to hire an additional 1,000 software engineers in India this year in an ongoing effort to expand its research and development (R&D) activities in growth markets.
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Aviva, the biggest insurer in Britain, plans to slash 4,000 jobs in the country, or 11 percent of its British workforce by 2008, and transfer 1,000 positions to India.