More Uk Jobs at Risk As Offshore Exodus Hots Up

Evening Standard - London › June 29, 2004

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Summary

MORE than Pounds 100 billion of operating costs are expected to be sent offshore to low-wage countries in the coming year, as the flood of financial service industry jobs continues unabated.

A survey by Deloitte Touche of 43 financial services companies around the world suggests that the number of firms taking the offshore option increased by 38% last year.

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More Uk Jobs at Risk As Offshore Exodus Hots Up

In 2005, Deloitte expects the top 100 global financial companies to offshore a total of $210 billion (Pounds ...

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