Hi All,
The previously reported trend in overseas outsourcing continues unabated.
EDS announced today that it will cut staff to be replaced by workers in
India and the Philippines.
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Electronic Data Systems Corp. will cut an amount of jobs significantly
higher" than the 2 percent layoff it announced in June, chief xecutive
Michael H. Jordan said Tuesday.
To cut costs, EDS plans to increase the number of workers it employs
in low-cost countries, such as India and the Philippines, to 20,000 from
9,000 by the end of 2004. That could help cut service costs by 25
percent, Mr. Jordan said.
http://www.dallasnews.com/sharedcontent/dallas/business/stories/090303dnbusedsjordan.85786.html------
For those that have forgotten, Bush supports the loss of good middle
class American jobs via outsourcing.
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The Indian government and businesses have won a major assurance
from the Bush Administration on the issue of outsourcing.
A senior US official has said Washington is against any attempt by state
governments to legislate a ban on outsourcing on the lines of what is
being considered in New Jersey and other states.
The official, US Trade Representative Robert Zoellick, gave this
assurance in course of three hours of intensive talks with Indian
Commerce Minister Arun Jaitley, during which they discussed subjects
ranging from the movement of people to the export of Indian mangoes to
the US.
http://economictimes.indiatimes.com/cms.dll/html/uncomp/articleshow?artid=22887------