Press Esc to close
Thursday 18 September 2014
News updated at 12:50 PM IST
Weather
Max: 29.7°C
Min : 20.2°C
In Bangalore
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
BJP MP from Mathura Hema Malini at a function on women empowerment...

BJP MP from Mathura Hema Malini at a function on women empowerment...

Differently-abled children wear masks of Prime Minister Narendra Modi to celebrate his birthday...

Differently-abled children wear masks of Prime Minister Narendra Modi to celebrate his birthday...

Villagers perform worship of elephants on the occasion of Biswakarma Puja...

Villagers perform worship of elephants on the occasion of Biswakarma Puja...

Devotees take part in a procession on the occasion of Sri Krishna Janmashtami celebrations...

Devotees take part in a procession on the occasion of Sri Krishna Janmashtami celebrations...

Younga Yoo, shoots past India's Umapatidevi Thokchom at women's first round group A soccer match...

Younga Yoo, shoots past India's Umapatidevi Thokchom at women's first round group A soccer match...

A man pulls an inflatable raft with his son, through the flood water...

A man pulls an inflatable raft with his son, through the flood water...

Cars submerged in flood water after the Jammu and Kashmir floods...

Cars submerged in flood water after the Jammu and Kashmir floods...

Sonam Kapoor and Kirron Kher during a promotional event for their upcoming film Khoobsurat...

Sonam Kapoor and Kirron Kher during a promotional event for their upcoming film Khoobsurat...

Narendra Modi and Chinese President Xi Jinping, holding umbrella watch a cultural performance...

Narendra Modi and Chinese President Xi Jinping, holding umbrella watch a cultural performance...

Prime Minister Narendra Modi and Chinese President Xi Jinping on a traditional swing...

Prime Minister Narendra Modi and Chinese President Xi Jinping on a traditional swing...

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