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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62.0 - Computer programming, consultancy and related activities
New offshoring locations
250 jobs Number of planned job losses
Announcement Date
24 June 2019
Employment effect (start)
1 July 2019
Foreseen end date
1 September 2019
Description
Indian IT consulting company HCL has formally submitted a notification to the Swedish Public Employment Service, which provides for the dismissal of 250 positions in Sweden from the company's subsidiary Global Shared Services (GSS). However, the company expects the final number to be lower. The job reductions aim at reducing the production costs of GSS, meeting the company's financial challenges. It is expected that the positions will be offshored to India.
The company believes the new organisation within GSS will be effective as of 1 September 2019. Those employees who are planned to be dismissed will be informed by 24 June 2019.
Eurofound (2019), HCL Technologies, Offshoring/Delocalisation in Sweden, factsheet number 98050, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98050.
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