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...Cost savings typically occur by outsourcing operations to locations with a large low-wage workforce, sometimes involving labour or human rights risks, usually in lower-income countries....
...Last year, Mr Ackman lost a high-profile proxy fight against ADP, a human resources outsourcing provider, after he had sought three board seats, including one for himself....
...The under-fire construction and outsourcing group on Friday said its banks had agreed to defer the test date for its financial covenants, giving the company some breathing room to focus on returning to health...
...Capita’s profit warning shakes outsourcing rivals The UK outsourcing group Capita gave a frank assessment of its problems this week, admitting that it was “far too complex”, too focused on the short term...
...The struggling construction and outsourcing group has appointed Andrew Davies, the current chief executive of UK privately-owned construction group Wates Group who spent the bulk of his career at BAE Systems...
...Billionaire activist investor Bill Ackman has lost his bid for three board seats at ADP, the US human resources and payroll outsourcing provider, dealing him another blow after a series of investment setbacks...
...Serco has sold its Indian business processing unit back to private equity group Blackstone for £250m, as it seeks to narrow its focus to government contracts and repair its fortunes in the outsourcing market...
...Serco is close to selling its Indian business processing division to private equity as Rupert Soames, chief executive, seeks to repair the outsourcing group’s fortunes....
...Serco has appointed the City veteran Sir Roy Gardner as chairman as the outsourcing company seeks to repair its fortunes....
...The latest is Applus, an industrial testing business owned by Carlyle and some local investors. It plans to sell €1.1bn of shares, with most of the proceeds going to Carlyle and its friends....
...“These contracts show that Babcock’s strategy to diversify away from its core defence-related work is proving successful and that the UK’s government appetite for outsourcing remains strong,” she said, issuing...
...The outsourcing giant is still trying to repair its reputation after being battered by scandals in Britain, from manipulating data for out-of-hours healthcare services to charging the government for electronic...
...(Financial Times) General Electric of the US and Siemens of Germany on Monday launched a charm offensive to win France’s socialist government over to their competing bids for engineering group and “industrial...
...These often employ hundreds of thousands of people on vast outsourcing projects. But they are beyond reach of mid-tier firms, which are struggling to come to terms with this reality....
...Qoros has saved money by outsourcing much of the auto development work to suppliers, including Austria’s Magna Steyr. Mr Steinwascher, Qoros’ vice-chairman, said: “I’m a big fan of outsourcing....
...Industry advisers questioned Mr Icahn’s commitment to buying CMC, arguing that his own scrap metals business, PSC Metals, has been rumoured to be for sale in the past....
...Similar to the Clorox situation, industry advisers had questioned Mr Icahn’s interest in owning CMC, despite the activist’s purported plan to combine the company with his existing scrap metals business, PSC...
...G4S is set to become one of the world’s biggest employers after agreeing to buy ISS, the Danish services provider, in an ambitious £5.2bn ($8.2bn) deal that seeks to create a global leader in outsourcing...
...Yields are also attractive, at about 6.7 per cent for retail and office and 8 per cent for prime industrial....
...Serco, the FTSE 100 services group, is in talks about buying a controlling stake in Intelenet Global Services, one of India’s biggest business process outsourcing companies, from Blackstone, the US private...
...The deal will see majority shareholder Blackstone successfully sell on its 66 per cent stake in a company acquired for $200m in a management buy-out from original backers Tata, the industrial conglomerate...
...ISS describes itself as the fourth-largest private sector employer in the world after Walmart and Tesco, the retailers, and G4S, a rival outsourcing group....
...Yageo has been a big beneficiary of outsourcing both from the US and from Japan....
...Indian IT outsourcing companies such as Infosys began to evacuate their staff from Japan, one of the key markets for outsourcing....
...The group is one of the world’s biggest outsourcing companies, providing a vast range of services from front-desk receptionists to security guards, gardeners, catering staff and cleaners....
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