Outsourcing News

A Machinists union strike has hurt The Boeing Co.'s reputation and threatens the nation's aerospace industry with a fate similar to that of automakers in Detroit, chief executive W. James McNerney said Monday.

Nomura Holdings , a Japanese financial services group, announced Monday that it has entered into an agreement with ailing Lehman Brothers Holdings to acquire Lehman's back office and IT operations in Mumbai, ...

The flu-like illness which has killed four people in Johannesburg is not airborne but is contracted through bodily fluids, said a spokesperson at the Morningside Medi-Clinic on Monday.

Aer Lingus chief executive Dermot Mannion is to meet union representatives this afternoon to outline proposed cost-cutting measures at the loss-making airline.

EDS, an HP company, today announced that five employees will be named EDS Fellows in recognition of their exceptional achievements in technical innovation and solution development.

Brezhnev Comes to Washington By Alexei Bayer To Our Readers The Moscow Times welcomes letters to the editor.

NEW YORK: India, home to six of the world's top eight outsourcing hubs, continues to be a major global IT and BPO outsourcing destination amid a determined bid by the neighbouring China to give it a tough ...

A US government report has said nine US airlines outsourced more than 70 percent of their major aircraft maintenance last year.

Nine U.S. airlines outsourced more than 70 percent of their major aircraft maintenance last year, and federal aviation officials' oversight of repair facilities is lagging, according to a government report.

One-fourth of the outsourced maintenance is being handled by contractors overseas.

The Transportation Department's inspector general said the outsourcing, which has more than doubled in four years, was of concern because the Federal Aviation Administration has failed to closely track how much maintenance is farmed out and where it is performed.

SOLNA, Sweden, EDS, an HP company, today announced that it has signed an agreement with Posten, one of the Nordic region's largest messaging and logistics operators, to host the company's end-user computing ...

Info tech spending in India by U.S. financial-services firms could shrink 15% to 20% over the next year IBM India: When demand picks up, U.S. shops will be formidable rivals for Indian players Namas Bhojani ...

Outsourcing of Creative Work is to Argentina what Outsourcing of Programming is to India and Outsourcing of Production is to China.

NEW YORK_The reliance of restaurant chains and retail stores on outside companies to handle credit-card processing and other information-technology functions is partly to blame for a rash of consumer data ...

Fortis was thrown an €11.2bn (£8.8bn) lifeline on Sunday night as the Belgian, Dutch and Luxembourg governments combined to inject capital into the embattled banking and insurance group in a last-ditch effort to shore up confidence among savers.

Fortis is also expected to sell its stake in ABN Amro, the Dutch lender it agreed to buy as part of a break-up bid last year. Developments around ABN AMRO are specifically interesting to the outsourcing industry, because of the extent in which it has outsourced their ICT.

South African phone firm MTN Group Ltd has approached International Business Machines Corp., or IBM, to provide information technology support and services in a deal estimated to cost USD2 billion Rs9,200 crore and modelled on the work the US company has done for three Indian cellphone operators.

A new report on India's pharmaceuticals industry predicts it will take over about $2.5 billion in drugmakers' outsourcing by 2012.

In the medium-to-long term, the sub-prime crisis will accelerate global sourcing adoption as financial institutions push the envelope on offshoring to cut costs, according to the Everest Research Institute.

Offshore outsourcing providers HCL Technologies and Infosys are now competing to acquire UK SAP consultancy Axon Group.

Banking operations were affected as the strike call given by the employees union demanding settlement of issues like wage revision and termination of job outsourcing in banking sector among other issues entered ...

The Indian outsourcing industry could face the brunt of a credit crunch, banking crisis, and consequent layoffs. Lloyds TSB's union in Britain has now called for an end to moving jobs to India.