LexisNexis to move 320 jobs from area

[InkAddict]

http://www.daytondailynews.com/b/content/oh/story/business/2008/05/28/ddn052808lexisnexisweb.html

In April, LexisNexis spokespeople acknowledged that the company will eliminate up to 250 jobs at the local campus by early 2009. And on Wednesday, an internal company memo was released, telling employees that nearly 70 Reed Elsevier jobs — in addition to those noted in April — will be "made redundant" by year's end by a new five-year agreement Reed Elsevier has reached with Cognizant Corp, an Indian information technology consulting firm.

"The decision was an extremely difficult one," Bill Godfrey, Elsevier chief information officer, wrote in the document. "The team in Dayton, these 68 colleagues, are high-performing and have justifiably earned respect across both IT and S&T (science and technology)."

Reed Elsevier said in February it intends to achieve about $481 million in "cost savings" over the next three years. An Elsevier spokesman at the time acknowledged that such cuts will have Dayton-area headcount "implications." He also said outsourcing is part of doing business for a global company.

Godfrey wrote that a team concluded that there was a "significant benefit" to a partnership with an offshore consultancy. The evaluation took nine months, he wrote.

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:dilemma: A 9-month evaluation spawns devil of an idea. Give away some more jobs...headcount surely isn't the only implication. High-performing colleagues justifiably earned respect? But no paycheck?????? :wtf:

[Kukesa]

1. ABX in Wilmington to cut 6,000 jobs. What's to become of us? n/t