Source: www.business-standard.com

National Australia Bank is expected to send another 400 information technology jobs to India by the end of the year.

The bank has shortlisted technology companies Infosys and Oracle to develop its billion-dollar, next-generation platform, which will form the key pillar in the bank’s technology transformation plan, dubbed Program NEOS.

NAB Chief Information Officer Michelle Tredenick told technology staff this week that it was ramping up its offshoring initiatives as part of Program NEOS, in an email quoted by ‘The Australian’ daily.

“As we’ve indicated over the last few months we intend to progress our offshoring activity, and earlier this year we expanded our use of offshoring partners (Satyam and Infosys).”

The “ITO wave one” program was announced in March. About 264 technology jobs were earmarked for transfer to technology outsourcers Satyam and Infosys by October.

The bank started the second round of its IT outsourcing program, “ITO wave two”, and over the next six to eight weeks would examine offshoring up to 148 jobs from its technology and wealth management divisions.

About half of them are full-time jobs, with the rest being contractual.The review will target Melbourne-based teams overseeing business and retail payments, Siebel finance and accounts services, and wealth management’s Sydney-based mainframe team.

As part of the first wave, 100 positions were sent to India, between 10 and 15 staff have accepted redundancies and another 30 per cent have requested voluntary redundancy.

NAB spokeswoman Kerrina Lawrence said that the majority of staff affected by the outsourcing arrangements had been redeployed to other divisions.
The bank has shortlisted technology companies Infosys and Oracle to develop its billion-dollar, next-generation platform, which will form the key pillar in the bank’s technology transformation plan, dubbed Program NEOS.

NAB Chief Information Officer Michelle Tredenick told technology staff this week that it was ramping up its offshoring initiatives as part of Program NEOS, in an email quoted by ‘The Australian’ daily.

“As we’ve indicated over the last few months we intend to progress our offshoring activity, and earlier this year we expanded our use of offshoring partners (Satyam and Infosys).”

The “ITO wave one” program was announced in March. About 264 technology jobs were earmarked for transfer to technology outsourcers Satyam and Infosys by October.

The bank started the second round of its IT outsourcing program, “ITO wave two”, and over the next six to eight weeks would examine offshoring up to 148 jobs from its technology and wealth management divisions.

About half of them are full-time jobs, with the rest being contractual.The review will target Melbourne-based teams overseeing business and retail payments, Siebel finance and accounts services, and wealth management’s Sydney-based mainframe team.

As part of the first wave, 100 positions were sent to India, between 10 and 15 staff have accepted redundancies and another 30 per cent have requested voluntary redundancy.

NAB spokeswoman Kerrina Lawrence said that the majority of staff affected by the outsourcing arrangements had been redeployed to other divisions.

Source: www.cbronline.com

Logica, an IT and business services company, has signed five important outsourcing contracts in Sweden. The new customers include UC, a Sweden-based business and credit information agency; De Lage Landen International, a provider of consumer finance solutions; Alo, a manufacturer of front loaders and the municipality of Boden in the North of Sweden.

In addition, Logica has signed an outsourcing contract with Danish home furnishing chain ILVA, to manage and monitor the operation of all of ILVA’s IT-platforms.

The contract with UC, which will run for three and a half years, includes the operation of UC’s applications and service desk. By outsourcing the operation of all IT to Logica, UC ensures the cost effective running of both the existing and new environment as well as access to the right competence.

The three year contract with De Lage Landen International includes the operation of all systems and applications within the financial services company’s Nordic operation. De Lage Landen is already a customer of Logica in the Netherlands.

As part of the new five year contract with Alo, Logica is responsible for the operation of Alo’s IT environments, including service desk, servers and communication services for 300 employees and desktop services for 150 users at Alo.

Logica will supply operation and support of the IT infrastructure and business systems to the municipality of Boden in the North of Sweden. The contract runs for three years.

The contract with ILVA runs over five years and covers the management of all ILVA’s IT-platforms as well as a service desk function for ILVA’s headquarters and its four stores in Denmark and Sweden. The objective of the outsourcing contract is to provide Ilva with a centralized solution for all its IT needs and to achieve substantial cost reductions and increased flexibility. The contract was won against competition from several international IT service providers.