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| Outsourcing; as the jobs move on again | |
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| Tweet Topic Started: Jan 3 2008, 10:18 AM (75 Views) | |
| big al | Jan 3 2008, 10:18 AM Post #1 |
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Bull-Carp
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India's Wipro opens Philippine Outsourcing Center: (AFP) Wipro, India's third-biggest software maker, said it had opened an outsourcing center in the Philippines as surging costs and a domestic talent shortage drive Indian technology firms overseas.The 45,000-square-foot facility in Cebu city will eventually be staffed by 900 employees. The center will provide customer service as well as technical and financial accounting support. Investment advisory firm Tholons said in a recent report that Manila was among the top five prime outsourcing locations and Cebu an emerging destination for outsourcing firms. The study cited the availability of skilled professionals and lower costs as among the advantages offered by Cebu. Indian information-technology firms such as Tata Consultancy, Infosys, Wipro, Satyam and smaller companies are stepping up acquisitions and opening more facilities overseas. They have plans to employ thousands of people to escape the rupee's rise against the dollar and soaring wage costs in India. The rupee rose more than 12% against the dollar in 2007 and the IT industry's average annual salary rose 11% last year to 620,000 rupees (US$15,700). Wipro, whose outsourcing arm employs about 20,000 people, has opened facilities in Romania and Shanghai in the past nine months. And so it goes... Big Al |
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Location: Western PA "jesu, der simcha fun der man's farlangen." -bachophile | |
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12:07 AM Jul 11