Credit Suisse is considering outsourcing over half of
its 5,000 IT jobs in Switzerland to
offshore centres, including India, to slash
operating costs.
Last month, news broke about Credit Suisse outsourcing its
communications infrastructure to BT in a £578m deal. At the time,
both BT and the bank wouldn’t confirm the deal.
But this month, the two sides confirmed the contract and said
almost 300 jobs, including some contractors, would transfer to BT
from Credit Suisse as part of the deal.
According to Swiss newspaper SonntagsZeitung, the bank is
planning to offshore 50% to 70% of IT jobs in Switzerland, as part
of plans to make around £1bn in cost savings.
The bank already has an offshore facility in Pune, India, and
last year, Credit Suisse transferred around 900 IT, finance and
operations jobs to an offshore centre in Singapore.
Past reports have also suggested that the bank is looking at
Eastern Europe to make savings.
Credit Suisse to outsource to BT for
£578m
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