Outsourcing News

CADIZ, Ky. - Johnson Controls Inc., which makes building and automotive systems, announced it will close its plant in Cadiz that employs 559 workers as part of a restructuring plan.

The UK-based $2.6-billion services major Serco Group is in talks to acquire Indian BPO player InfoVision Group. The deal size is learnt to be Rs 200-250 crore. Industry sources say InfoVision, which is talking to a couple of IT-BPO firms, including Serco for a sellout, could finalise a buyer in 3-4 weeks. InfoVision provides customer relationship management, finance & accounting outsourcing, KPO and HR outsourcing. It employs over 11,500 people at centres in India, the US and Australia.

SunTrust Banks Inc. signed a 10-year agreement with Toronto-based company Symcor Inc. to outsource "a significant portion" of the bank's back-office banking operations.

As part of the deal, about 1,500 SunTrust employees will be moved out of the bank and, according to a company spokesman, 54 positions could be eliminated.

BT has spent GBP 75.5 million to extend its outsourcing agreement with services provider Steria for another six years.

Sitel will open a new customer care facility in Berlin, Germany. The site is scheduled to open on Oct.

US Presidential hopeful Barack Obama once again touched on the ticklish issue of outsourcing and while vowing to end tax breaks to companies that ship works overseas conceded that all lost jobs could not be ...

Frontier Airlines has outsourced maintenance work on one of its planes to a company in El Salvador as the Denver-based carrier works to emerge from bankruptcy protection.

An Infosys executive reiterated that the offshore outsourcing business is holding up amid an economic slowdown, and outlined plans to continue to move up the technology food chain to offer consulting services.

Anyone who has worked in IT for more than five minutes knows that the field has been in a dramatic transformation for the past 10 years. Outsourcing and offshoring have shaken the foundations of IT, making some wonder at times if they have a role in their organization. ...

IT outsourcing firm Tata Consultancy Services Australia has retrenched 15 employees in its global banking service division as the worldwide financial sector heads south.

Students look for employment information at the "2008 IT Job Day" held in Ho Chi Minh City by NIIT University and Quang Trung Software City Co.. Software companies with Vietnamese outsourcing contracts have to retrain even graduates of the country's top institutions as they lack foreign language skills, math ...

Japan may be the next port of call for the Indian IT services industry, which is currently facing lot of uncertainties from its prime bread-winning market, the US.

Ericsson announced the signing of a USD 450 million contract to develop and modernize Hanoi Telecom's nationwide mobile network.

The mix of suppliers of Procurement Outsourcing services is rapidly changing with the emergence of a new value proposition in which suppliers are migrating towards end-to-end offerings, according to an analysis ...

Sen. Barack Obama, attacked offshore outsourcing in his acceptance of the Democratic presidential nomination Thursday night, drawing a bead on a practice that has displaced nearly one in 10 IT workers, ...

New Delhi : Increasing number of mid-market companies with about 3,000-15,000 employees, are expected to adopt Human Resources Outsourcing in the coming years in an attempt to bring down cost and reap gains ...

The insurance industry, which has lagged behind others in outsourcing business and technology processes abroad, is now the fastest growing offshore service sector with a CAGR of 33%. Overall, global insurance ...

Computerworld — As many as 8 percent of IT workers have been displaced by offshore outsourcing, either through job loss or an involuntary transfer to a new job by their employer, which is twice the rate of workers in other occupations, according to a study based on data collected from some 10,000 people, which may be the largest survey of its kind.

NEW DELHI: US Democrat presidential candidate Barrak Obama opened the Pandora's box in his acceptance speech in the early morning hours on Friday.

Hyderabad : Satyam BPO, the business process outsourcing arm of Satyam Computer Services Ltd, has appointed Vijay Rangineni as the chief operating officer, the company said today.