eFunds moves BPO work back to US

By SiliconIndia   |   Wednesday, 24 March 2004, 08:00 Hrs
Printer Print Email Email
BANGALORE: Faced with a raft of legislations to halt outsourcing of work to India and strong protests in the US over such moves, eFunds International India, a BPO operator, has moved some benefits' processing work it undertakes for the New Jersey Government back to a centre in the US.

Atul Kanwar, managing director, global outsourcing operations, eFunds International India, told The Economic Times that the company had moved a small operation back to the US, due to protests over job loses.

He however, claimed it was just a one-off and that the operator had since not relocated any work. eFunds joins other companies such as Dell and British retailer Kays, which had a centre with ICICI One Source, and have moved work back home.

eFunds undertakes a range of processing work for the financial services, telecom and retail sectors.

The company has over 5000 people employed across six centres in US and India. It gets about 80% of its revenues from the US and 20% from the US markets.

IBM announces programme
n a bid to recognise the contribution of developers in the open source community, Information ..
Facebook denies cyber attack
Facebook ruled out a cyber attack on its products Whatsapp, Instagram and Messenger, which suf..
Wipro opens third industrial
IT major Wipro Ltd on Thursday opened its centre of excellence for Industrial Internet of Things (..
Google's Gboard gets offline
Google is adding an Artificially Intelligent (AI) offline dictation feature on its Gboard keyb..