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Jobs Outsourcing

  • March 27- Chatbot maker 7 Inc expects its revenue to increase 30-35 percent to more than $400 million in its financial year ending March 2018, the company's chief executive told Reuters. The company, which clocks over 40 million chats annually and offers services in Spanish and Mandarin, gets about 75 percent of its revenue from the United States and the rest from...

  • SAO PAULO, March 23- The Brazilian real weakened on Thursday after the country's lower house of Congress approved a government-sponsored bill by a narrower margin than expected, raising concerns of fading support for a planned pension reform. The bill, which allows companies to outsource any job and drew fierce opposition from labor unions, was approved...

  • March 23- Consulting and outsourcing services provider Accenture Plc reported a 4.7 percent increase in quarterly net revenue, helped by strong demand for its digital and cloud services. Net income attributable to Accenture fell to $838.8 million or $1.33 per share in the second quarter ended Feb. 28, from $1.33 billion or $2.08 per share, a year earlier.

  • BRASILIA, March 22- The lower house of the Brazilian Congress passed a bill on Wednesday to allow companies to outsource any job, a first move that was fiercely opposed by unions to reform the country's outdated labor laws. "The modernization of our labor laws with outsourcing and temporary work will create a new employment environment in the country and...

  • FRANKFURT, March 22- BMW's X1 model will be built in the Netherlands, it said on Wednesday, boosting staff levels at Mini's contract manufacturer VDL Nedcar beyond those at the German carmaker's plant in Oxford, England, where the Mini hatch is made. Harald Krueger, BMW's Chief Executive, said on Tuesday that more production could move to the Netherlands depending...

  • LONDON, March 3- The unexpected departure of the boss of Capita highlights the challenges facing Britain's biggest outsourcing companies as the government tightens the screw on businesses that provide vital public services. Capita Chief Executive Andy Parker announced his resignation on Thursday after the business support services group reported a...

  • LONDON, March 3- The unexpected departure of the boss of Capita highlights the challenges facing Britain's biggest outsourcing companies as the government tightens the screw on businesses that provide vital public services. Capita Chief Executive Andy Parker announced his resignation on Thursday after the business support services group reported a...

  • SEATTLE, March 2- Spirit AeroSystems Holdings Inc, a major supplier to Boeing Co and Airbus, is demanding steep price cuts from its hundreds of parts suppliers, forcing them to re-bid for their current work against global competitors, according to a document seen by Reuters and three sources familiar with the matter. Spirit is asking for price cuts of 15 to 35...

  • March 2- Look no further than Thursdays initial public offering of Snap Inc for a short course on why Donald Trump is highly unlikely to make his target of 3 percent annual economic growth. His transition team told Council of Economic Advisors staffers to base projections on sustained growth of 3 to 3.5 percent. Snaps market cap of north of $40 billion makes it...

  • *Disappointments from Capita, Travis Perkins weigh. By Kit Rees and Helen Reid. LONDON, March 2- European shares paused for breath on Thursday after a strong rally in the previous session, though there were sharp gains from Britain's Melrose and Norway's Subsea after well-received results.

  • LONDON, March 2- Capita's chief executive Andy Parker resigned on Thursday, after the British outsourcing group reported a bigger than expected drop in profits and said it would take until 2018 before it could return to growth. Capita, which specialises in providing IT-enabled business services to banks and investors, the National Health Service, retailers...

  • *STOXX 600 down 0.2 pct. *Disappointments from Capita, Travis Perkins weigh. LONDON, March 2- European shares edged back on Thursday after a strong rally in the previous session, though there were strong gains from Britain's Melrose and Norway's Subsea after well-received results.

  • LONDON, March 2- British outsourcing group Capita said its chief executive Andy Parker would step down after the group reported a 19 percent fall in 2016 underlying pre-tax profit, missing forecasts again. After a string of profit warnings and doubts over its strategic direction, Capita said it did not expect sustainable profit growth before 2018..

  • SAN FRANCISCO, Feb 28- The University of California, San Francisco on Tuesday laid off 49 information technology employees and outsourced their work to a company based in India, ending a year-long process that has brought the public university under fire. The University of California system, which includes health care and research-focused UCSF, has been...

  • Serco, which provides transport, health, justice, defense and security services in public departments and gets half of its revenues from the UK, left its 2017 outlook unchanged versus an update given in December. Britain's outsourcing sector has been hit in recent months by uncertainty created by the country's vote to leave the European Union, causing delays to...

  • Serco, which provides transport, health, justice, defense and security services in public departments and gets half of its revenues from the UK, left its 2017 outlook unchanged versus an update given in December. "Governments can be very capricious, they can change their minds and elections come along and at any one time we have some great political uncertainties...

  • Feb 21- Shares in U.S. private prison operators CoreCivic Inc and Geo Group, already buoyed by hopes they would profit from a Republican administration, may rise further on immigration curbs and narrow a valuation gap with REIT peers. The U.S. Immigration and Customs Enforcement's detention centers are all outsourced to private operators.

  • LONDON, Feb 21- Outsourcing group Capita, under pressure from a slowdown in demand from customers, said it had written off the value of a number of historic contracts, sending its shares down over 4 percent. Shares in the group, which said it was otherwise trading in line with the guidance it gave in December, were down 21 pence at 491 pence at 0806 GMT.

  • MUMBAI, Feb 17- Automation and the new U.S. administration were the big unknowns at the Indian tech sector's annual shindig this week, with machines threatening to take away thousands of jobs and concerns over possible visa rule changes in the key American market. But senior executives from the $150 billion industry, which rose to prominence at the turn of the...

  • About 70 percent of the 85,000 H-1B visas granted in 2015 went to nationals from one country.