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JOB MARKET NEWSIs Lloyds alone in replacing UK IT contractors with Indian workers?3 July 2009By Paul Clarke COMMENTSAccept this painful truth and learn to do something that requires either your unique personality (teaching, comedian, dealmaker, relationship manager), physical presence (policeman, hairdresser, waiter) or be very, very good at what you do. Read all comments »
Lloyds TSB seems to have grasped the nettle when it comes to offshoring IT roles, to the extent that it's actually bringing Indian technology contractors to the UK at the expense of local roles. Understandably, it's incurred the wrath of the unions, but it is really that unique? Last week, it emerged that Lloyds was introducing a brief hiatus, offshoring appears to have picked up pace again anyway. UBS is said to be pondering moving 4,000 positions to India over the next two years.
COMMENTSBeenthere, Debt / Fixed Income, Fri 03 Jul 09In the case of RBS, it is a good idea to outsource to India. IT function at RBS is singularly useless. Add your comment »NOT Eating, Research, Fri 03 Jul 09Very simple move your account to another bank. Lloyds has been always unethical anyway. Let then collapse in 6-9 months without customers using the 6 levels of indirection rule. Add your comment »tony lees, Accounting & Finance, Fri 03 Jul 09I have to say that the lies permutate, The Inidan contractors are stealing UK jobs full stop. What is worse is that the UK gov "British jobs for British workers" is granting visa entry for these people without any checks on the "QUALIFICATIONS" stated or even experience. What is the biggest lie is the cost. When you have had TATA etc for sometime doing your IT work you will realise how much it costs to fix the absolute mess created. The banks ignore completely security and flout like ignorant armpits the Data Protection Act. What becomes the worst case scenario in two years when the bank is on the brink of collapse will be NO TAX PAYERS MONEY BECAUSE NO JOBS NO TAXPAYERS WORK IT OUT YOU DUMB "NO PROTECTIONISM IDIOTS" Add your comment »amiexo, Fri 03 Jul 09A classic example of how some positive effects Asian countries could have comparatively.. back office jobs start shifting towards countries like India, China, Philippines and East Europe Add your comment »ADilbert, Information Technology, Fri 03 Jul 09There are 40000 - 60000 people on ICT visas currently in the UK. To get a ICT visa the skill must be unavailable in the EU (not just the UK). There are 440 million people in the EU. I don't think it will take Sherlock Holmes to figure out that Lloyds are not the only ones at it and that the whole scheme is massively abused. Add your comment »Andy H, Accounting & Finance, Sat 04 Jul 09Offshoring for cheap labour is the 21st century equivalent to slavery. Taking one culture and saying they don't deserve to be paid as much as another because their econemy is less developed is offensive. The only reason they are cheaper is because they don't have th3 same legislation to protect their rights, no social welfare, no nhs, no green power etc etc. Exploitation pure and simple. Add your comment »Kloot, Capital Markets, Sat 04 Jul 091) Lloyds isn't a charity.
Sticks, Debt / Fixed Income, Sat 04 Jul 09Everyone is protecting their workers e.g Germany and France.
David, Consultancy, Sun 05 Jul 09This is fair play. If Lloyds can find a cheaper option than using UK contractors, then good on them.
JumboJet, Information Technology, Sun 05 Jul 09Does not work that way mates...What had Britishers done in 16th and 17th centuries in Far East countries..Ask yourselves...was never right...Now it is other way around and it starts hurting you...upskil and upgrade yourselves is the only way...Kudos to LLyods.. Add your comment » |
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