NYTimes: Welcome, bapakjewel Reuters Plans to Triple Jobs at Site in India By HEATHER TIMMONS
Published: October 8, 2004 LONDON, Oct. 7 - Reuters, the news service and data company, which is trying to meet stringent cost-cutting targets, said Thursday it would triple the number of employees it has in India by the end of next year. As many as 1,500 employees, or a tenth of the company's total, will be in Bangalore by 2006, company executives said during a ceremony to open a building in southern India. Reuters already has 340 employees in Bangalore, including about 13 journalists. The company said it planned to move mainly data and technical jobs to Bangalore. The editorial staff in Bangalore is expected to increase to 50 by early next year, Reuters told union representatives. The company's chief executive, Tom Glocer, is embracing outsourcing to reduce costs. He foreshadowed Thursday's announcement in September at an investor conference. "The amazing thing - and this is the dirty little secret about outsourcing that people need to talk about publicly a bit more - not only is the cost conflation amazing at four, five or even six to one, but the quality and productivity is better too," Mr. Glocer said in September. "We are flooded. We have 100 qualified applications for every data input person and these people have qualified accounting degrees." The company, which now employs 1,000 data-processing workers at about 40 sites worldwide, plans to shift 450 jobs to Bangalore initially, mainly from Tiverton, England; White Plains, N.Y.; and Singapore. Analysts said that action fits into the company's greater strategy. "This doesn't surprise me at all, given the targets they have set for themselves," said Paul Sullivan, a media analyst at Merrill Lynch in London. Reuters has pledged to cut costs by £440 million ($782 million) by the end of 2006, and Mr. Sullivan said the number was considered "sacrosanct." Reuters said Thursday that costs in Bangalore were about 40 percent lower than in New York or London. The Bangalore office supplies information on companies and debt and equity issues. Later, it will also provide information on mergers, acquisitions and equity pricing. Union leaders expressed concern about the move, which they said could impair the quality of news and data Reuters offers. "We're talking about people halfway around the world from where the news is happening, in a different continent and time zone," said Peter Szekely, chairman of the Reuters unit of the Newspaper Guild of New York. Reuters executives said that the plan would not result in job losses in the editorial division. ------------------------ Yahoo! Groups Sponsor --------------------~--> $9.95 domain names from Yahoo!. Register anything. http://us.click.yahoo.com/J8kdrA/y20IAA/yQLSAA/BRUplB/TM --------------------------------------------------------------------~-> *************************************************************************** Berdikusi dg Santun & Elegan, dg Semangat Persahabatan. Menuju Indonesia yg Lebih Baik, in Commonality & Shared Destiny. www.ppiindia.shyper.com *************************************************************************** __________________________________________________________________________ Mohon Perhatian: 1. Harap tdk. memposting/reply yg menyinggung SARA (kecuali sbg otokritik) 2. Pesan yg akan direply harap dihapus, kecuali yg akan dikomentari. 3. Lihat arsip sebelumnya, www.ppi-india.da.ru; 4. Posting: [EMAIL PROTECTED] 5. Satu email perhari: [EMAIL PROTECTED] 6. No-email/web only: [EMAIL PROTECTED] 7. kembali menerima email: [EMAIL PROTECTED] Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/ppiindia/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
