Originally posted by nightzip:
[b]Prudential may axe 520 IT jobs
Tom Espiner ZDNet UK
Published: 19 Mar 2007 17:25 GMT
Financial services group Prudential may cut more than 500 UK-based
IT jobs as part of a wider programme of offshoring and
outsourcing.
PruTech, the business unit of Prudential that delivers its IT
services, may axe up to 520 jobs as Prudential looks to cut costs
of £80m in its life and pensions business specifically in
back-office administration.
Prudential said that no exact figure could be put on the number of
jobs that could be lost in IT, as the company was undergoing a
"scoping review". "We're looking to cut costs of £80m in the UK,
but we can't put an exact figure on jobs," said a company
spokesman. "We are looking at offshoring support functions."
PruTech currently administers 22 legacy IT systems, which will be
streamlined down to five or six. Prudential is also in the process
of rolling out a global workforce flow application developed as
service-oriented architecture (SOA), which could lead to job
cuts.
The work of 3,000 people in the UK and India 2,000 in the UK and
1,000 in India will be scrutinised to see where the cuts will be
made. Prudential said it had identified the necessary criteria to
make the cuts, and that it would test both competitors and its own
business units by putting contracts out to tender. "We've
identified an internal solution, and we're going to benchmark that
solution against both internal and external providers," the
spokesman said.
The 3,000 people whose jobs could be on the line work in IT,
customer services, and customer operations. It will cost the
Prudential £165m to implement the cost-cutting programme, which
could include contracts with outsourcing companies and redundancy
payouts to those laid off.
[/b]
From the article, it is more concentrated in UK n India
i hear in
Malaysia which has a PRudential IT center in cyberjaaya doesnt have
this issue
maybe they moving the things here to SEA.?
mayi u in IT industry?
cheers
