Monday, October 17, 2005

Reuters to Offshore Corporate Research to India

Reuters, the UK-headquartered news and information delivery conglomerate, will offshore corporate research and other allied valued added research actives to a New Delhi-based Knowledge Process Outsourcing (KPO) company. Reuters employs close to 15,500 people and reported sales of USD 5.5 billion for 2004.

Copal Partners, the Indian partner for the deal, would execute research initiatives supporting Reuters’ databases providing financial and other related information on companies. Copal Partners, according to company officials, will provide financial research and analytical services. To meet the requirements, the company will also increase its current staff strength by 40 percent.

Reuters already has a captive offshore unit at Bangalore, India, which employs close to 1,000 people in data analytics and a small group supporting the news and current affairs division.

Well thats business and money matters. But lets wait and watch how the Reuters UK employees going to react to this deal.
They wont call it " Cost cutting " - for sure,for them its "Axing"! When Reuters opened its first Offshore research center in Banglore India,the reaction from Reuters UK employees were tough.They went on strikes that affect the media giant very badly.Well lets see how smart the Reuters HR guys are .. .!

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