Jobs Outsourcing

  • SAMUT SAKHON, Thailand— Facing international pressure for failing to stop human trafficking in its seafood sector, Thailand promised almost a year ago to compensate victims of slavery and industry leaders vowed to bring all shrimp processing in-house. Tin Nyo Win, who escaped slavery and alerted police to abuses, was deported to Myanmar this month, along with...

  • *FTSE 100 up 1.5 pct. LONDON, Sept 19- British shares gained on Monday, outstripping European peers thanks to a rise in commodity-related stocks, though mid cap Mitie Group slumped nearly 30 percent after a profit warning. Mining companies Anglo American, BHP Billiton, Glencore, and Rio Tinto were all at the top of the board, up between 3.5 to 6.2 percent, benefiting...

  • *FTSE 100 up 1.4 pct. The FTSE 100 bounced back after posting its second straight week of losses on Friday, weighed down by a sell-off in banks after U.S. authorities demanded Germany's Deutsche Bank pay $14 billion to settle a mortgages case. While only a handful of FTSE 100 stocks suffered losses, mid cap Mitie Group plunged more than 23 percent on the FTSE 250, on...

  • *Trade body estimates losses of up to $3.74 billion. At least one person was killed in clashes between protesters and police that erupted after the Supreme Court ordered the southern state of Karnataka to divert some water from the Cauvery river to neighbouring Tamil Nadu state. This week's disturbances, in which dozens of vehicles were set on fire, have been the...

  • BENGALURU, Sept 13- Indian and foreign technology companies including global outsourcing firm Accenture closed offices and told staff to stay at home in the technology hub of Bengaluru on Tuesday after riots over the diversion of water from a river. Businesses in Bengaluru have faced four days of disruption this month because of protests about the water...

  • SYDNEY, Sept 12- Sydney resident Raman Kumar recently lost his job as an electrician after his employer outsourced a big chunk of the work to China to slash costs- and then hired him back as a casual worker. While the unemployment rate in Australia has been relatively stable, at 5.7 percent in July, there is a historically high underemployment rate- people who want to...

  • Aug 31- Tecomet Inc, a privately held U.S. contract manufacturer of medical devices and surgical instruments, is exploring a sale that could value it at more than $1 billion, including debt, according to people familiar with the matter. Genstar Capital, the private equity firm that owns Tecomet, has hired investment bank William Blair& Company, LLC to run an auction...

  • *CEO says single-source deals to be examined. *Supplier dispute halted production at six plants. HAMBURG, Aug 30- Volkswagen Chief Executive Matthias Mueller has vowed to review the German car giant's procurement strategy to avoid any repetition of the crippling supplier dispute that hit production at six plants this month.

  • MANILA, Aug 23- Less than two months in office, Philippines President Rodrigo Duterte is getting high marks from the business community for policies that could engineer an economic surge and companies say they are making new investments as a result. It makes the Philippines the fastest growing among all countries that have reported so far for the second...

  • SEOUL, Aug 12- Tech giant Samsung Electronics Co Ltd won a contract manufacturing order to make new graphics processing unit products for U.S.-based Nvidia Corp, South Korea's Chosun Biz newspaper reported on Friday, citing unnamed sources. The paper said Samsung would start making the next-generation GPUs using its 14- nanometre production technology...

  • LONDON, Aug 2- As Britain's construction industry reels from its sharpest downturn for seven years, it is companies that operate under longer-term contracts and have less exposure to London that are better weathering market uncertainty caused by the Brexit vote. Builders' merchant Travis Perkins said on Tuesday the vote had created "considerable...

  • The company, which is splitting into two to separate its printer and business process outsourcing businesses, took $71 million in restructuring and related charges in the second quarter, less than the $100 million it estimated in April. The company also cut its estimate for one-time pretax separation costs to $175 million- $200 million from $200 million- $250...

  • July 19- Comerica Inc said it would cut 9 percent of its workforce to reduce expenses and reported a 23 percent fall in quarterly profit. The bank's restructuring actions, which also included streamlining operations, reorganization of its branches and real estate assets and outsourcing some functions, are expected to cut costs by about $160 million by the end...

  • July 6- Consulting and outsourcing company Accenture Plc said Chief Executive Pierre Nanterme was diagnosed with colon cancer and is currently recovering from a surgery. "I have been advised by my doctors that I will be able to stay actively involved in the day-to-day operations of the company throughout this process," Nanterme said in a statement.

  • June 23- Xerox Corp said Jeff Jacobson, the president of its technology unit, would take over as chief executive after the company splits its business process outsourcing unit into a separate, publicly listed entity. Its business process outsourcing operations will be held under " Conduent Inc," which will be led by Ashok Vemuri. Xerox, which announced the split in...

  • June 23- Consulting and outsourcing company Accenture Plc reported an 8.6 percent rise in quarterly net revenue, driven by higher demand from customers in North America. The net income attributable to Accenture rose to $897.2 million, or $1.41 per share, in the third quarter ended May 31, from $793.7 million, or $1.24 per share, a year earlier.

  • June 15- Envision Healthcare Holdings Inc and AmSurg Corp have agreed to an all-stock merger that would create a healthcare service provider with a proforma market value of about $10 billion, the companies said on Wednesday. The merged entity, called Envision Healthcare Corp, would offer services from pre-hospital care to acute, post-acute and outpatient...

  • June 15- Envision Healthcare Holdings Inc and AmSurg Corp said they would merge in an all-stock deal to create a healthcare service provider with a proforma market value of about $10 billion. The merged entity, to be named Envision Healthcare Corp, will cover a basket of services from pre-hospital care to acute, post-acute and outpatient care.

  • June 15- Envision Healthcare Holdings Inc and AmSurg Corp said they would merge in an all-stock deal to create a healthcare service provider with a proforma market value of about $10 billion. Envision shares fell 6.4 percent to $25.75 in extended trading, while AmSurg's stock rose 1.6 percent to $78.73. AmSurg Chief Executive Christopher Holden will lead the...

  • June 14- Xerox Corp said on Tuesday Ashok Vemuri will become the chief executive of its business process outsourcing unit after the company splits into two publicly traded entities. Vemuri, who previously headed IT services provider IGATE Corp from September 2013 to October 2015, will join Xerox effective July 1. While at IGATE, Vemuri led the company's sale to...