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Jobs Outsourcing

  • INDIANAPOLIS— Carrier Corp. is releasing a timeline for eliminating 632 jobs at the company's Indianapolis factory— work that will be outsourced to Mexico. United Steelworkers Local 1999 Vice President Robert James says it's "cold" to put people out of work just days before Christmas. Under pressure from Trump, Carrier announced last November that it would...

  • This is the first time that AT&T wireless workers have gone on strike, which could result in closed retail stores during the weekend, according to the Communications Workers of America union, whose AT&T members went on strike. Wireline workers, who work in phone, landline and cable services businesses in California, Nevada, and Connecticut, and DirecTV...

  • President Donald Trump on Thursday triggered the process to start renegotiating the North American Free Trade Agreement between the United States, Canada and Mexico, which could usher in formal talks by mid-August. Trump has threatened to jettison the 23- year-old accord if he cannot rework it in favor of the United States, arguing it has gutted U.S....

  • May 15- Thermo Fisher Scientific Inc, the world's largest maker of scientific instruments, said on Monday it would buy contract manufacturing company Patheon NV for about $5.2 billion in cash. Thermo Fisher's offer of $35 per share represents a premium of about 35 percent to Patheon's Friday close. The deal represents a purchase price of about $7.2 billion,...

  • Chief executives of S&P 500 companies surveyed were paid on average $13.1 million last year, 347 times the pay of the average U.S. worker, according to the AFL-CIO, the largest federation of U.S. labor unions. The AFL-CIO used the survey release to highlight slow U.S. wage growth and the outsourcing of jobs to countries with lower wages. Corporate directors were at...

  • *Plans to open 4 U.S. tech centres, starting with Indiana in Aug. SAN FRANCISCO/ MUMBAI, May 2- India- based IT services firm Infosys Ltd said it plans to hire 10,000 U.S. workers in the next two years and open four technology centers in the United States, starting with a center this August in Indiana, the home state of U.S. In a telephone interview with Reuters from Indiana,...

  • Supporters of founder and Leader of the political movement 'En Marche !' Emmanuel Macron celebrates after winning the lead percentage of votes in the first round of the French Presidential Elections at Parc des Expositions Porte de Versailles on April 23, 2017 in Paris, France.

    Globalization silenced the historic looms of Calais; blue-collar voters there represent the forces powering the far right, The NYT reports.

  • *India- based outsourcing firms could be hit if program changes. *Silicon Valley makes heavy use of foreign STEM workers. KENOSHA, Wis., April 18- President Donald Trump on Tuesday ordered a review of the U.S. visa program for bringing high-skilled foreign workers into the country, putting technology firms and the outsourcing companies that serve them on notice...

  • KENOSHA, Wis., April 18- President Donald Trump on Tuesday ordered a review of the U.S. visa program for bringing high-skilled foreign workers into the country, putting technology firms and the outsourcing companies that serve them on notice that possible changes may be ahead. Seeking to carry out a campaign pledge to put " America First," Trump signed an executive...

  • SAO PAULO, March 31- Brazilian President Michel Temer on Friday signed into law a bill approved by the Congress last week to allow companies to outsource jobs, a measure fiercely opposed by unions. But Temer vetoed some of the articles approved by the Congress, partially addressing criticism from labor leaders. That period was limited to nine months where the...

  • LONDON, March 28- Britain's Telegraph Media Group, the publisher of the Daily and Sunday Telegraph broadsheets, is cutting jobs by outsourcing more of its sub-editing and page production to a third party agency, the company said on Tuesday. The group, which has been owned by British businessmen David and Frederick Barclay since 2004, said the domestic news...

  • 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...