Royal &amp; Sun to move 10% of UK jobs to India
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LONDON, October 11  - Royal &amp; Sun Alliance (SUA1.ETR) plans to shift more than 1,100 UK-based jobs, or about 10% of its total workforce in the UK, to India over the next two years.
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News Corporation, the company which owns the Sun and The Times newspapers, has today announced that it is to move away from its Wapping headquarters to a new production plant in Enfield, north of London.
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News International, the publisher of the Sun, Times and News of the World newspapers, is to relocate its print works from Wapping to Enfield in north London.
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LONDON: British insurance major Royal &amp; Sun Alliance (RSA) has announced that it would shift as many as 1,100 jobs from Britain to India in the next two years.
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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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Lakshmi Mittal, the Indian-born steel magnate, yesterday staked a claim to overtake Roman Abramovich as Britain&#39;s richest man with a Â£10bn deal to create the world&#39;s largest steelmaker.
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London, September 22: Britain&#39;s leading insurance company Aviva on Wednesday announced plans to shift another 760 jobs to India, in addition to the 3,700 jobs already created in the country.
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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.
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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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Business & money: Britain's best-known Indian food brand is being sold to Associated British Foods in a deal thought to be worth more than Â£100m.
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Lloyds TSB, the UK's fifth biggest bank, is closing its call centre in Mumbai - but more back office work is being outsourced to India
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UK general insurer Royal & Sun Alliance   Insurance Group Plc RSA.L said on Thursday it was selling its   U.S. arm to Arrowpoint Capital, providing the company with a   long-awaited exit from its U.S. unit.
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British insurance giant Aviva announced plans to export 950 more jobs to India and Sri Lanka next year, with a total of 7,000 staff expected to be offshored by the end of 2007.
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Royal &amp; Sun Alliance, the UK&#39;s second biggest insurer, today incurred the wrath of unions by announcing plans to move more than 1,000 jobs to India.
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(InfoWorld) - Indiaâs business providing software and services to companies outside its borders will grow a healthy 26 to 29 percent this year, the country's main trade association for that sector said Monday. Revenue from exports of software, services and business process outsourcing (BPO) will reach about $40 billion for the fiscal year that ends next March 31, according to data released Monday by the National Association of Software and Services Company (NASSCOM). Export revenue from these sectorsÂ grew 33 percent to $31.3 billionÂ in the fiscal year to March 31,Â according to data released by the trade body. The strong growth in software and services exports is coming from an improvement in India's competitiveness, and the addition of new services, such as remote infrastructure management, by Indian service providers, Kiran Karnik, president of NASSCOM told reporters in Bangalore on Monday. The revenue figure also includes exports to their parent companies and clients by Indian subsidiaries of multinational companies such as IBM, Oracle, and Accenture, that are expanding fast in India. Indiaâs overall IT industry grew by 30.7 percent in the year to March 31 to earn revenue of $39.6 billion, with the domestic market also growing by 22 percent to $8.2 billion, NASSCOM said. Many multinational companies including Hewlett-Packard and IBM have bagged outsourcing contracts from Indian companies. The Indian IT industry employed about 1.6 million staff as of March 31, besides about 6 million indirect staff employed in supporting the large offshore software development and BPO operations in India, Karnik said. About 1.2 million people are employed in developing software and running back office processes and call centers for customers abroad. The U.S. continues to be the largest market for Indian exports, accounting for 66 percent of revenue, Karnik said. Indiaâs IT industry is facing high staff attrition and salary increases, but that will not slow down growth, Karnik said. In the short term, NASSCOM, of Delhi, is helping set up finishing schools that will make more Indian graduates employable by the IT and the BPO industry, he said. In the long-term, though, NASSCOM is counting on more investments by government and industry in the education sector, he added. The IT industry in India is also grappling with the strengthening of the Indian Rupee against the US dollar, which pushes down realization in Rupees of revenue earned abroad by Indian companies. In the year to March 31, exports of IT services grew by 35.5 percent to $18 billion, while exports of BPO services grew 33.5 percent to $8.4 billion. Revenue from exports of engineering services, a classification that deals with non-electronic design services, grew by 23 percent to $4.9 billion.
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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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Blog: Along with preliminary earnings release, the company announces it will lay off 10 percent of workers to trim costs.