Lloyds TSB transfers 1,000 more jobs to India
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Lloyds TSB is moving another 1,000 jobs to India, increasing its workforce in Bangalore and Mumbai to 2,500 by the end of next year.
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As British unions cry foul over an exodus of jobs to Asia, one Indian information technology firm is bucking the trend, hiring 250 more staff at a call centre in Northern Ireland.
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IBM is celebrating a seven-year contract to provide voice and data solutions to Lloyds TSB, as part of the largest European IT deal of its kind, worth an estimated Â£500m.
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International Business Machines Corp. said Monday it will provide voice and data services to British financial-services company Lloyds TSB Group PLC for seven years in a deal worth &#36;971.6 million.
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International Business Machines Corp., one of the worldâs largest personal computer makers, announced its partnership with British bank, Lloyds TSB.
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About 1,000 employees at Fleet branches across the Northeast got the ax yesterday - and thousands more job cuts are on the way as new owner Bank of America Corp. aims to hit its goal of reducing total employment by 12,500.
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Britain&#39;s largest insurer Aviva says it will move 950 jobs to low cost centres in India and Sri Lanka in 2005 and it plans to have up to 7,000 people working in offshore centres by the end of 2007.
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Government figures for the number of foreign nationals working in the UK since 1997 have increased from 800,000 to 1.1 million.
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A controversial steel magnate today awarded himself a Â£1.1 billion bonus after unveiling a takeover that will create the worldâs biggest steel company.
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UNI, New Delhi, Dec 5: The Finance Minister, Mr P Chidambaram, today announced further opening up of the banking sector, saying the modalities for foreign banks acquiring upto 74 per cent stake in Indian private banks will be announced by the year-end.
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Insurance firm Royal & Sun Alliance says it is cutting 1,100 jobs in the UK and moving the posts to India.
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Aviva, the biggest insurer in Britain, says it plans to slash 4,000 jobs in the country, or 11 percent of its British workforce by 2008, and transfer 1,000 positions to India.
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Aviva plans to cut 4,000 jobs in the country -- or 11 percent of its British workforce by 2008 -- and transfer 1,000 positions to India.
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European shares edged higher on Monday bolstered by reassuring comments from UK bank Lloyds TSB on its earnings expectations for this year.
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DÃSSELDORF, GERMANY - Siemens AG plans to hire an additional 1,000 software engineers in India this year in an ongoing effort to expand its research and development (R&D) activities in growth markets.
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Insurer Royal &amp; Sun Alliance will move 1,100 UK jobs to India to cut costs, becoming the latest financial company to shift a large number of staff to Asia where labour is cheaper.
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The company said it is selling the unit to Standard Chartered for nearly $1.1 billion so it can focus on its core credit card business.