The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
New offshoring locations
250 jobs Number of planned job losses
Announcement Date
2 September 2004
Employment effect (start)
Foreseen end date
Description
The National Savings Agency in Blackpool, Durham and Glasgow plans to send 250 government jobs to India. This is a result of the changes since 1999 where the National Savings and Investments (NS&I) - the Government-backed savings outfit - and Siemens agreed a ten-year contract for business process outsourcing with the option to extend the contact until 2014. As part of the deal, 4,000 civil servants were transferred to Siemens but only after having won Government assurances that such a move would not lead to a change in terms and conditions for staff. However last month, Siemens Business Services announced that it wanted to transfer a ‘small number of routine administrative tasks to Siemens in India'. The Public & Commercial Services (PCS) union is vigorously opposing the move and calling on the government to take a longer perspective on cost savings.
Sources
3 September 2004: The Register
Citation
Eurofound (2004), National Savings Agency, Offshoring/Delocalisation in United Kingdom, factsheet number 60519, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60519.
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