Outsourcing in News Headlines in the Recent Years

Outsourcing has become a conspicuous news topic in our day. The news stories best reflect the developmental path of the global outsourcing industry and the various issues related to it. Here we present a random assortment of a few news headlines in the past five years, in an attempt to capture a little bit of the heady, turbulent atmosphere of the real world: Dec, 2002. JP Morgan Chase on Monday announced a seven-year, $5 billion outsourcing deal with IBM. J. P. Morgan Chase says it will transfer approximately 4,000 employees and contractors, along with some resources and systems, to IBM in the first half of 2003.

(Skillings 2002) Jan 2003: Big Blue inks a multibillion-dollar deal to outsource a portion of its server manufacturing to SCI-Sanmina. (Spooner 2003a) Sep 2003: 3Com will outsource its product manufacturing and eliminate about 1000 jobs. (Spooner 2003b) Feb 2004: Under new legislation introduced by a group of Senate Democrats on Thursday, American employers would be required to warn their employees and affected communities before moving any jobs overseas. (Brownfeld 2004) Feb 2004. Expect to hear a lot more about trade — specifically, the "outsourcing" of U. S.

jobs to foreign shores — in the 2004 presidential election. (Watts 2004) March 2004. The outsourcing of prized information technology jobs overseas has created tens of thousands of new jobs in the United States, according to a recent study commissioned by the information technology industry. (CNN Money 2004) Oct 2005. India's two largest outsourcing companies, Tata Consultancy Services and Infosys Technologies, announced healthy growth in quarterly profits on Tuesday, indicating that Western corporations continued to vigorously outsource technology and back office operations.

(New York Times, 2005) June 2006. Lego Group said it will outsource major parts of its production to an electronics manufacturing services company, Flextronics International as 'the last major step in our process of restructuring of the group's supply chain. (Delaine 2006) Jan 2007. India's largest software services firm, Tata Consultancy Services, announced a strong quarter Monday, posting a 47. 3% rise in profits on increased outsourcing orders from global clients.

(David 2007) May 2007: Infosys BPO on Monday said it will launch an outsourcing firm to provide services to media and entertainment companies globally, in collaboration with TV18 Group. The proposed entity, to be called Source 18, will offer services including digital archiving and metatagging, re-purposing content, work flow charting, re-editing, transcoding, quality control as well as media process outsourcing. (PTI 2007)