Press Esc to close
Saturday 04 July 2015
News updated at 2:11 AM IST
Weather
Max: 33°C
Min : 21°C
In Bengaluru
Rain lightly

Australian insurer QBE shifts 100 IT jobs to India

Melbourne, Apr 29, 2013, (PTI) :

Leading Australian insurer QBE has reprotedly shifted 100 IT jobs to India, according to the Finance Sector Union.

"Information Technology workers are the latest casualties in QBE's war on Australian workers, with 100 IT jobs to be scrapped as part of the insurer's aggressive offshoring agenda," said a Finance Sector Union statement released recently.

"QBE has announced that over 100 jobs currently performed in New South Wales, Victoria and Western Australia will now be done by workers based in India," it said.
This latest announcement follows revelations earlier this year that QBE is offshoring 700 insurance jobs, including claims lodgement, management and reinsurance administration, to the Philippines.

The company had informed its staff that it planned to move 100 IT jobs to India, including systems analysts, systems administrators, support staff and about 36 developers.

A further 35 IT workers face a change to their reporting lines or roles.
QBE employed a total of 338 IT workers in NSW, QLD, South Australia, Victoria and Western Australia before the current round of job cuts.

As of February, the company employed about 700 staff in Manila and Bangalore, a media report in an online publication, iTnews, said, adding that the job cut announcements were part of a broader, global operational transformation programme, expected to cut USD 250 million in costs by 2015.

"There are a range of initiatives connected with the transformation programme and we are working with a number of external parties on these," a QBE Australia spokeswoman was qouted as saying.

She added: "We are doing this to improve our service offerings and reduce operating costs to sustainable levels.

"Simplification, standardisation and ongoing operational excellence are essential if we are to remain competitive and if insurance is to be affordable for the community."


Go to Top

Photo Gallery
India and Bangladesh basketball players in action during the 4th South Asian Basketball...

India and Bangladesh basketball players in action during the 4th South Asian Basketball...

A farmer works in a paddy field at Reba Maheswar village, 56 kilometers (35 miles) east of Gauhati..

A farmer works in a paddy field at Reba Maheswar village, 56 kilometers (35 miles) east of Gauhati..

A tiger attacking spotted deers at Nagarahole National Park in Mysore district on Friday...

A tiger attacking spotted deers at Nagarahole National Park in Mysore district on Friday...

Monsoon rain clouds hover over the backdrop of Kitthur Rani Chennamma statue near Town Hall...

Monsoon rain clouds hover over the backdrop of Kitthur Rani Chennamma statue near Town Hall...

Protesters run for cover after police fired teargas shell to disperse them during a clash...

Protesters run for cover after police fired teargas shell to disperse them during a clash...

A gust of wind bends the umbrella of a street vendor crossing the road during a heavy downpour...

A gust of wind bends the umbrella of a street vendor crossing the road during a heavy downpour...

Indian Muslims offer prayers during Ramadan at the Vasi Ullah mosque in Allahabad...

Indian Muslims offer prayers during Ramadan at the Vasi Ullah mosque in Allahabad...

Buddhist monks from Thailand offer special prayers for making a new Temple...

Buddhist monks from Thailand offer special prayers for making a new Temple...

A worker drying up vermicelli at a factory in Allahabad on Friday during Ramadan...

A worker drying up vermicelli at a factory in Allahabad on Friday during Ramadan...

Bollywood actors Amit Sadh, Aditi Rao Hydari and Arshad Warsi at the launch of a new multiplex...

Bollywood actors Amit Sadh, Aditi Rao Hydari and Arshad Warsi at the launch of a new multiplex...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523