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News >> Technology >>
Brouhaha over Outsourcing losing fizz
By siliconindia
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Tuesday, 10 July 2007, 19:30 IST
London: According to research by the Work Foundation, the thinking that a large number of white collar jobs are being lost through outsourcing to India and other developing countries, are overstated and misleading.
Ian Brinkley, the foundation's chief economist, said there was no visible impact on employment levels, although U.K. companies had been offshoring to India and elsewhere for several years.
Brinkley highlighted figures from the European restructuring monitor, which recorded 420 restructuring cases in Europe. These cases announced 132,762 job losses but 184,511 job gains.
As per the analysis, 5.5 percent jobs that were lost across Europe are due to the offshoring activities in the first quarter of 2007. In 2005, the figure was 3.4 percent and meanwhile jobs in sectors theoretically vulnerable to outsourcing such as call centres have gone up rather than down in the U.K., said Brinkley.
He added, "What once looked like an unstoppable tide is now nothing like as bad as what people thought. Increasingly people companies are starting to realize that the big headline numbers for cost savings can distract people from the issues involved in managing operations thousands of miles away."
The Work Foundation is a not-for-profit organization. It brings all sides of working organizations together to find the best ways of improving both economic performance and quality of work life.