TCS to move staff back to India (TATA)

[OhioChick]

Source: India Times Infotech

27 Apr, 2009, 1006 hrs IST,PTI


MUMBAI: As part of cost-cutting measures, India's largest outsourcing firm Tata Consultancy Services (TCS) said that it will relocate staff abroad
into India.

"The company follows an onsite-offshore model. We will focus to do more work in India because it helps in saving cost and efficiency," TCS Chief Operating Officer N Chandrasekaran said.

However, the company would continue to do work onshore and relocation did not mean that it was winding up its operations abroad.

The company, which tried out its relocation in January-March this year, gained significantly in the last quarter of 2008-09. In Q4, the company brought back its US staff to India resulting in a cost saving of Rs 121 crore. The company did not give any figures on how many people were brought back. The relocation of staff could be in thousands, he said.


Read more: http://infotech.indiatimes.com/News/TCS-to-move-staff-back-to-India/articleshow/4453565.cms

[Deja Q]

1. Sounds like spin for...

protectionism.

[ChromeFoundry]

2. Beat me to the "P" word. n/t