Outsourcing boost for UK
90376
The UK financial services sector saves close to Â£1.5bn a year by moving services offshore, a report suggests.
4902
New report on offshoring points to greater acceptance among Australians.
167321
India&#39;s largest outsourcer, Tata Consultancy Services, Wednesday reported strong growth in revenue and profit, despite earlier concerns that the&#160;Indian outsourcing industry would be badly hit by a weak dollar, and a crisis in the U.S. subprime mortgage market.
457924
Indiaâs third-largest software company said that its net income for the October-December quarter rose 11 percent from a year ago due to strong outsourcing orders.
545720
India's outsourcing industry continues to do well despite higher staff costs.
629708
Key factors help determine if outsourcing benefits or hurts Americans.
282742
WASHINGTON Chief executives of US companies that outsourced the greatest number of jobs reaped bigger pay and benefits last year than those from other companies, according to a study of executive compensation released Tuesday.
481950
Indian professionals, venture capitalists (VCs), and entrepreneurs of Indian origin helped promote India as an outsourcing destination, according to a study conducted for the World Bank Institute in Washington, D.C., by Evalueserve Inc., a business intelligence and research firm.
371625
(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.
232290
Strong job outlook offset by skills shortage The outlook for jobs in the European technology sector is good but the spectre of outsourcing looms ominously, according to a new report.â¦
645142
Manufacturing helped to lift UK productivity in the second quarter of 2006, official figures show.
217240
Big 'EDS Outsourcing firm EDS reported a hike in profits on Wednesday evening, almost doubling its take from the same period in 2005.â¦
177337
Close on the heels of the&#160;appreciation of the Indian rupee against the dollar, Indian outsourcing companies are grappling with a new problem -- uncertainty among U.S. companies about a recession has made these companies delay finalizing their IT budgets.As a result many large deals between U.S. clients and Indian outsourcers will not be finalized in the first half of this year, said Sudin Apte, senior analyst and country head for India at Forrester Research.Business will however pick up for Indian outsourcers by the fourth quarter, particularly if the U.S. economy is in mild recession, Apte said.&quot;Our experience is that if the IT budgets of U.S. customers are marginally impacted in a recession, then there is an increase in business offshore, to cut costs,&quot; Apte said. If the cuts are too large, whole projects can however get canned, he warned.The U.S. is the largest market for Indian outsourcers.&quot;We believe that the recessionary nature of today&#39;s economic climate will promote the adoption of increased outsourcing,&quot; said Siddharth Pai, a partner at outsourcing consultancy firm, Technology Partners International Inc. (TPI) in Houston, Texas.TPI does not as yet see a cut in either discretionary or non-discretionary spending on IT by companies.Forrester said Monday that the IT services and outsourcing market will increase by 4 percent this year to $162 billion from a growth rate of 6 percent a year earlier.&#160;The research firm forecast slowing growth this year&#160;for purchases of IT products and services in the U.S.National Association of Software and Service Companies (Nasscom), a trade organization in Delhi, however remains optimistic about the growth of India&#39;s outsourcing industry. The industry is optimistic of achieving its target of $60 billion in software and services exports by March, 2010, the association said Monday.In the fiscal year to March 31, the industry expects export revenues of $40.3 billion, up by 29 percent from export revenue in the previous year.Problems for India&#39;s outsourcing industry could get however compounded as its customers abroad have seen a drop in overall satisfaction and a drop in value for money from offshore outsourcing to India, according to a Forrester survey. India is still preferred as an offshore destination because it is the only country where foreign companies can&#160;hire staff in the thousands, Apte said.
636557
THE SINGAPORE Government has decided to reverse the world-wide outsourcing trend and ship some work to HP. Singapore&#39;s ministry of manpower has transferred IT staff to Hewlett Packard under an outsourcing contract.
321170
The UK's economic future looks stronger, helped by a greater-than-expected number of EU migrants, a think-tank says.
114062
London, Feb 10 As Indian investors stalk British companies with takeover offers, the economic logic of outsourcing operations to India continues to direct the growth plans of major companies, despite protests ...Comment
409997
Working Western contracts in India isn't enough. Now they're outsourcing too.