Press Esc to close
Monday 16 January 2017
News updated at 4:11 PM IST
Weather
Max: 27.6°C
Min : 15.5°C
In Bengaluru
Sunny day

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
Art lovers thronging Chitra Santhe organised by Karnataka Chitrakala Parishat on Kumara Krupa...

Art lovers thronging Chitra Santhe organised by Karnataka Chitrakala Parishat on Kumara Krupa...

Large number of art lovers visiting the 14th annual art fair 'Chitra Sante' organized...

Large number of art lovers visiting the 14th annual art fair 'Chitra Sante' organized...

A large number of tourists throng Mysuru Palace as weekend holidays and Mysuru Zoo remain closed...

A large number of tourists throng Mysuru Palace as weekend holidays and Mysuru Zoo remain closed...

People walk on a snow covered road following heavy snowfall at Kandi Area in Budhal, Rajouri...

People walk on a snow covered road following heavy snowfall at Kandi Area in Budhal, Rajouri...

Students make a rangoli to aware people on voting in Moradabad on Sunday...

Students make a rangoli to aware people on voting in Moradabad on Sunday...

ABVP activists run with the Tricolours at an event ahead of Republic Day on the outskirts ...

ABVP activists run with the Tricolours at an event ahead of Republic Day on the outskirts ...

Army Chief Gen Bipin Rawat inspecting the guard of honour during the Army Day parade in New Delhi...

Army Chief Gen Bipin Rawat inspecting the guard of honour during the Army Day parade in New Delhi...

People take part in marathon on the Bandra-Worli Sea Link, in Mumbai...

People take part in marathon on the Bandra-Worli Sea Link, in Mumbai...

People are participated in Kite Festival organised by Rotary Bangalore Lakeside at HSR Layout...

People are participated in Kite Festival organised by Rotary Bangalore Lakeside at HSR Layout...

A man with his decorated camel during the 24th International Camel Festival, in Bikaner...

A man with his decorated camel during the 24th International Camel Festival, in Bikaner...

Like us on Facebook

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