ONE-FOURTH MELLON FINANCIAL'S I.T. WORK MOVED TO INDIA The latest financial giant to move much of its information technology work outside U.S. borders, Mellon Financial will soon be sending a quarter of its routine software maintenance chores to India. (A study by the Meta Group consulting firm indicates that an Indian programmer can be hired for one-fourteenth the rate of an American programmer.) Mellon executive Ken Herz says the company hopes to have new work for all U.S. workers affected by the company's decision, and explains: "This project emphasizes our intent to focus Mellon technology talent on growth-related projects and have routine maintenance work done offshore." (San Jose Mercury News 16 Apr 2002) http://www.siliconvalley.com/mld/siliconvalley/3077722.htm
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