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....Any extension of the labour dispute risks further time and cost overruns for Europe’s largest construction project, which is already behind schedule and over budget. Separately, staff at outsourcing group Capita are to go on strike for six days from 5 October over changes to the company’s pension scheme that will result in a “massive cut” to their retirement income, according to Unite. ... [Read full article on Guardian ]
Thursday 21st of September 2017 05:29:27 PM
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.... While these limit margin improvement today, some are temporary,” Rory McKenzie, an analyst at UBS, said in a note. British outsourcing companies such as Mitie, Capita and Carillion have been hit over the past year by rising labour costs and unplanned changes to contracts that were taken on during the financial downturn, often with paper-thin margins. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 04:22:00 PM
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Latest Finance News related to Outsourcing

Hinkley Point C: fresh strike threat over pay dispute image
Source : Guardian [Read Article] Thursday 21st of September 2017 05:29:27 PM
....Any extension of the labour dispute risks further time and cost overruns for Europe’s largest construction project, which is already behind schedule and over budget. Separately, staff at outsourcing group Capita are to go on strike for six days from 5 October over changes to the company’s pension scheme that will result in a “massive cut” to their retirement income, according to Unite. ...
Mitie Group may cut 480 jobs as clean-up costs rise image
Source : Guardian [Read Article] Wednesday 20th of September 2017 04:22:00 PM
.... While these limit margin improvement today, some are temporary,” Rory McKenzie, an analyst at UBS, said in a note. British outsourcing companies such as Mitie, Capita and Carillion have been hit over the past year by rising labour costs and unplanned changes to contracts that were taken on during the financial downturn, often with paper-thin margins. ...
Brexit won't solve issues that led to leave vote, says ex-trade minister image
Source : Guardian [Read Article] Wednesday 13th of September 2017 07:24:27 AM
....”. The causes of the public’s discontent were issues such as the digitalisation of clerical jobs, outsourcing of labour, wages being depressed and migrant labour: “All of these things don’t get better with Brexit; in fact, if anything, they get worse. ...
College cleaners defeated outsourcing. They’ve shown it can be done | Aditya Chakrabortty image
.... Back then, unions inspired fear among Moreno Yusti and her colleagues. They worked at one of the most leftwing colleges in Britain, but were employed by an outsourcing firm that had no truck with unions– like so many other companies. ...
Politicians hand over power at their peril | David Kynaston image
Source : Guardian [Read Article] Saturday 9th of September 2017 11:04:20 PM
....” Twenty years on, the jury perhaps remains out. Most commentators would agree that the Bank’s monetary policy committee has had a good, if not unflawed, record; some (including me) would argue that the broader trend towards government outsourcing its previous responsibilities has contributed to a damagingly widespread sense of ineffective, out-of-touch politicians. ...
Mitie investigated by FCA over results and profit warning image
Source : Guardian [Read Article] Tuesday 29th of August 2017 05:56:07 PM
. The City regulator has launched an investigation into Mitie over its annual results and the timing of a September 2016 profit warning, adding to problems at the outsourcing company as it tries to revive its fortunes. ...
How can small businesses beat the Brexit blues? image
Source : Guardian [Read Article] Tuesday 29th of August 2017 11:55:12 AM
.... Even though nothing seems certain with Brexit, is there anything you can do now to start understanding how it could impact the way you do business? We’ve chatted to top small business advisers – and a small business owner – to gauge their views. Bobby Lane, head of business development and outsourcing at Shelley Stock Hutter, says that you should mind your currency. ...
Britain is still a world-beater at one thing: ripping off its own citizens | Aditya Chakrabortty image
.... Neither David Cameron nor Theresa May would countenance the British government creating a new power station, but they will pay way over the odds for foreign governments to do so. Want more examples? Think about the giant outsourcing industry, where a multinational such as G4S can fail to lay on enough guards for the 2012 London Olympics and charge taxpayers for phantom electronic tags on dead criminals – and still be put in charge of securing the Royal Mint. ...
Populist trade policies won’t protect jobs anywhere in the world | Kenneth Rogoff image
....Should India aim to follow the traditional manufacturing export model that Japan pioneered and that so many others, including China, have followed? Where would that lead if, over the next couple of decades, automation is going to make most such jobs obsolete?. There is, of course, the service sector, where 80% of the population in advanced economies works, and where India’s outsourcing sector still tops the world. ...
Serco’s boss suffers through his wilderness years image
Source : Guardian [Read Article] Sunday 30th of July 2017 05:59:11 AM
.... It happened to Winston either side of the second world war and, in his own sphere, grandson Rupert Soames looks to be receiving some similar treatment. Soames, of course, runs the embattled outsourcing giant Serco – which many think would not now exist had he not come to save it during many, many long months of struggle and of suffering. ...
Interns beware: working for free could put a dent in your career image
Source : Guardian [Read Article] Saturday 29th of July 2017 09:01:01 PM
....5% of those leaving university. Last week the outsourcing giant Capita was criticised for promoting a graduate scheme that involved up to four months of unpaid training with no guaranteed job at the end. ...
Capita told graduates to pay £21,000 for leaving unpaid training scheme image
. Capita, one of the UK’s largest outsourcing companies, has demanded payouts of up to £21,000 from graduates who tried to pull out of an unpaid training scheme under which they were not guaranteed a job. ...
Capita criticised over unpaid graduate training scheme image
Source : Guardian [Read Article] Wednesday 26th of July 2017 02:47:32 PM
. Capita, one of the UK’s largest outsourcing companies, has come under fire for a graduate scheme that involves up to four months of unpaid training. ...
GlaxoSmithKline to sell UK Horlicks brand and scrap factory plans image
Source : Guardian [Read Article] Wednesday 19th of July 2017 02:51:53 PM
.... It may also sell its antibiotics business at Ulverston, which produces brands such as Zinnat, Zinacef and Fortum. The moves, which also include outsourcing some of the pharmaceutical manufacturing from GSK’s Worthing site in West Sussex and selling its MaxiNutrition brand, will lead to the loss of about 320 UK. ...
Camden Town Brewery founder insists big can also be beautiful image
Source : Guardian [Read Article] Saturday 8th of July 2017 03:00:11 PM
.... Last year, two-thirds of the 100,000 hectolitres of its beer – the equivalent of 17. 6 million pints – was made in Belgium but that outsourcing will now end. ...
How privatization could spell the end of democracy image
Source : Guardian [Read Article] Wednesday 21st of June 2017 08:00:25 AM
.... But solving these problems by ceding them to the private sector ensures that public services will continue to deteriorate until they disappear. Decades of defunding and outsourcing have already pushed public services to the brink. ...
Humiliation on the high street as security guards rob shoppers of their dignity image
....Individuals working in the private security industry have to be qualified and licensed by the regulator, the Security Industry Authority, which has powers to disqualify any who fall foul of its licence standards. The trade body, the British Security Industry Association, requires its members to subscribe to a code of practice which includes protocols for searching customers, but, it says, many retailers directly employ personnel rather than outsourcing to a professional private security company. ...
British Airways looks to Capita to run call centres after IT meltdown image
Source : Guardian [Read Article] Tuesday 13th of June 2017 12:04:02 PM
....British Airways is close to striking an agreement for Capita to run its call centres as the airline attempts to improve its customer relations after its disastrous IT meltdown last month. Under the agreement, Capita, an outsourcing group that has had its own public relations disasters in the past with its management of London’s congestion charge and NHS administration, would take over the almost 10m calls a year made to BA staff in Newcastle upon Tyne and Manchester. ...
Criminal gang arrested for selling Apple users' private data in China image
. A massive underground criminal operation run by employees of an Apple “domestic direct sales company and outsourcing company” to steal and sell the private data of Apple users has been uncovered in China, according to authorities. ...
For BA, a £100m compensation bill could be just the start image
Source : Guardian [Read Article] Saturday 3rd of June 2017 02:59:09 PM
....The problems came amid a growing narrative of costcutting at BA and parent company IAG that had left some observers wondering about the diminishing brand. Although the airline has dismissed any connection between the weekend’s chaos and the outsourcing of jobs to India, the GMB union said it was “counterintuitive” to see no link with BA’s having made hundreds of experienced IT staff redundant. ...
British Airways cabin crew to hold four-day strike over pay dispute image
....”. Francis told investors in 2015 that he would find savings of about €90m (£78m) per year from outsourcing IT operations, which followed the cuts in pay and conditions for BA’s cabin crew he had overseen in 2011. ...
Willie Walsh praises British Airways bosses after IT meltdown image
Source : Guardian [Read Article] Thursday 1st of June 2017 04:25:02 PM
.... ”. BA’s explanations have been met with scepticism and more questions over how such a power outage could affect the IT systems, with unions pointing to costcutting and outsourcing at the airline. ...
Power surge? image
Source : BBC [Read Article] Thursday 1st of June 2017 11:43:36 AM
....Sunbird and AIT Partnership Group, two firms that have in the past provided software and services to BA's data centres, released a statement on Wednesday saying they "had no involvement" with the recent incident. British Airways and TCS both denied that outsourcing jobs had anything to do with the power issues. ...
BA computer chaos: The unanswered questions image
Source : BBC [Read Article] Thursday 1st of June 2017 08:11:43 AM
.... And that it won't happen again - at least not on this epic scale. Mr Cruz was adamant, by the way, that the outsourcing did not contribute in any way to this mess. ...
British Airways IT failure caused by 'uncontrolled return of power' image
Source : Guardian [Read Article] Wednesday 31st of May 2017 05:35:50 PM
.... So we know what happened, we just need to find out why,” the airline said in a statement. “It was not an IT failure and had nothing to do with outsourcing of IT, it was an electrical power supply which was interrupted. ...
Passengers still without bags after British Airways IT meltdown image
Source : Guardian [Read Article] Tuesday 30th of May 2017 07:34:08 PM
....BA said it was still investigating a power issue that it says caused the check-in and operating systems to crash, and left the airline struggling to locate and contact even its own staff. A spokeswoman for the airline insisted that the failure was “categorically nothing to do” with outsourcing. ...
BA’s failures fly in the face of ‘customer as king’. This is the new normal | Peter Fleming image
.... Making matters worse, what’s good for the share price is often not good for the long-term viability of the company, including customer value for money or employee wellbeing. A good way to increase the share price is to announce staff cuts and outsourcing. ...
British Airways owner loses £170m in value after IT meltdown image
Source : Guardian [Read Article] Tuesday 30th of May 2017 09:01:05 AM
....A BA spokesperson said on Tuesday there was a “power supply issue” but that there still needed to be a full investigation. Cruz, who founded the budget carrier Clickair and ran the Spanish airline Vueling before moving to BA last year, said the outsourcing of jobs was not to blame for the “catastrophic” IT failure, after the GMB union suggested the mass travel disruption could have been prevented if the airline had not cut “hundreds of dedicated and loyal” IT staff and contracted the work to India in 2016. ...
BA to take 'some days' to clear baggage backlog image
Source : BBC [Read Article] Monday 29th of May 2017 11:17:43 PM
....The GMB union has blamed the problem on technical staff being outsourced from the UK to India. But Mr Cruz said there had been no redundancies or outsourcing in this area, adding that there had been "locally hired" staff attending to the maintenance and running of the infrastructure. ...
British Airways CEO will not resign despite 'catastrophic' IT failure image
....Alex Cruz said on Monday he was “profusely apologetic” for the computing glitch, which caused havoc at Heathrow and Gatwick airports, stranding passengers including many families on half-term breaks. But he said the computing failure had nothing to do with the cost savings he had implemented since arriving at the airline as CEO last year and he rejected suggestions from the GMB union that outsourcing of IT roles to India had left the company vulnerable to system meltdowns. ...
British Airways flight chaos lessens after weekend of disruption image
....The airline said there was no evidence the computer failure was the result of a cyber-attack. It denied claims by the GMB union that the problem could be linked to the company outsourcing its IT work. ...
Five questions for BA  image
Source : BBC [Read Article] Sunday 28th of May 2017 10:59:40 AM
....". Meanwhile aviation expert Mr Strickland, added: "Surely a business should be able to make an outsourcing decision without any problems, if it is done in a quality-controlled way. ...
University of Apple  image
Source : BBC [Read Article] Tuesday 16th of May 2017 11:03:56 PM
....But the big concern is that across OECD countries there are 200 million people with poor skills in basic literacy and numeracy, deeply vulnerable to the forces of globalisation. These are people who have the reading skills of 10-year-olds - whose job chances are acutely at risk from outsourcing overseas or being replaced by technology. ...
Will Theresa May defend workers' rights? Don't hold your breath | Nils Pratley image
....But the more interesting manifesto content will relate to what the Tories say about gig economy workers. If she listened to responsible employers, the prime minister would know that fury over bogus use of “outsourcing” contracts, especially in the delivery industry, extends to boardrooms. ...
Social media giants 'shamefully far' from tackling illegal content image
....Among the examples the committee found were:. The MPs said it was "unacceptable" that social media companies relied on users to report content, saying they were "outsourcing" the role "at zero expense". ...
Russia's secret image
Source : BBC [Read Article] Thursday 20th of April 2017 11:17:03 PM
.... . But wary of a future stuck in "IT outsourcing sweatshops", she headed to St Petersburg to study further and land a bigger role. ...
Trump order to target foreign worker visa programme image
Source : BBC [Read Article] Tuesday 18th of April 2017 03:26:13 PM
.... . Tech companies contend the programme is used to recruit top talent, but some of the H-1B visas are also used for outsourcing firms. ...
Access to justice was once a worker’s basic right. Now it’s a costly luxury | Aditya Chakrabortty image
.... The physical pain and the mental illness can feed off each other. Almanza has worked as a cleaner at the University of London since 2011 and never kept her conditions from her employer, an outsourcing company called Cofely. ...
​Sweet Brexit: what sugar tells us about Britain’s future outside the EU image
....From such debates in the early years of the last century, to the corn laws of the century before, agricultural trade disputes have long played an outsized role in British politics. But the fear is that 40 years of outsourcing the issue to Brussels has left Whitehall ill-equipped to navigate the complex challenges ahead. ...
Robots to affect up to 30% of UK jobs, says PwC image
Source : BBC [Read Article] Friday 24th of March 2017 08:56:39 AM
.... . The UK is near record-low levels of unemployment and so outsourcing more repetitive tasks to robots could free up people to do more valuable work, the report found. ...
Co-op Bank warns of more branch closures as it reports £477m loss image
Source : Guardian [Read Article] Thursday 9th of March 2017 11:25:19 AM
....The losses this year were, in part, caused by the continued restructuring sparked by the deal with Britannia in 2009. There was another £36m provision for payment protection insurance mis-selling, an £82m hit for a mortgage outsourcing deal with Capita and a knock caused by the cut in interest rates by the Bank of England following the vote for Brexit. ...
FTSE 100 falls from record high as Capita slumps image
Source : BBC [Read Article] Thursday 2nd of March 2017 09:09:57 AM
. The London market finished down from Wednesday's record high as shares in outsourcing group Capita slumped 9%. ...
Capita boss to quit amid profit fall image
Source : BBC [Read Article] Thursday 2nd of March 2017 08:19:35 AM
. Capita, the outsourcing company that operates the London congestion charge, has said its chief executive is stepping down after it reported a big fall in profits. ...
Dixons and Capita to drop out of FTSE 100 image
Source : BBC [Read Article] Wednesday 1st of March 2017 08:06:23 PM
...."Dixons Carphone's share price has dropped off of late as a result of increasing competition within the sector, particularly from the likes of Amazon," said Helal Miah, an analyst at The Share Centre. Shares in outsourcing giant Capita fell after a profits warning in September. ...
FTSE 100 closes at new record high image
Source : BBC [Read Article] Wednesday 1st of March 2017 09:19:22 AM
....5% after announcing a £200m special dividend with its annual results. On the FTSE 250, outsourcing firm Mitie Group added 3. ...
Firms urged to publish ethnic breakdown image
Source : BBC [Read Article] Tuesday 28th of February 2017 03:12:53 AM
....Baroness McGregor-Smith was one of the first Asian women to lead a FTSE 250 company. She ran the outsourcing group Mitie for nearly 10 years until she stepped down as chief executive in 2016. ...
Will Pirc squeeze Apple until the pips squeak? image
Source : Guardian [Read Article] Sunday 26th of February 2017 07:00:23 AM
....Last week was a mixed one for Capita, but this one could be just bad. On Monday the outsourcing outfit – which cut its profit forecasts three times at the end of last year – wrote £50m off a number of its historical contracts and wrote down £40m of accrued income. ...
Vast losses at RBS are a legacy of a failed system | Will Hutton image
Source : Guardian [Read Article] Sunday 26th of February 2017 12:05:15 AM
.... British banks have paid more than £53bn in fines for misconduct, notably in the mis-selling of personal protection insurance policies, over the past 15 years. Then there are the never-ending accounting and contractual irregularities that plague the public outsourcing industry, from Serco to G4S. ...
Donald Trump, the master of unreality, must be resisted at every turn | Joseph Stiglitz image
....As a result, the importance of the rule of law, once an abstract concept to many Americans, has become concrete. Under the rule of law, if the government wants to prevent firms from outsourcing and offshoring, it enacts legislation and adopts regulations to create the appropriate incentives and discourage undesirable behaviour. ...
Baby boomers don’t deserve to be punished | Letters image
Source : Guardian [Read Article] Sunday 19th of February 2017 06:31:16 PM
.... When I started work there were always plenty of vacancies. In those days, outsourcing jobs to other countries and employing people on zero-hours contracts was unheard of. ...
Bernie Sanders supports Trump's TPP order while McCain criticizes opting out image
....The president promised the executives from Ford, Dell Technologies, Tesla and others that he would cut regulation and taxes for businesses. The decision to end TPP and warn of consequences for outsourcing was just the latest in a series of shots Trump has fired over the heads of US business. ...
Brothers jailed for trafficking people from Poland to work at Sports Direct image
....”. The men were sent to Shirebrook via Transline, an outsourcing group that supplied agency staff to Sports Direct. ...
HMRC criticised over spiralling payments to outsourcing firm image
Source : Guardian [Read Article] Tuesday 17th of January 2017 12:01:23 AM
. Tax officials ignored chaos within the outsourcing firm Concentrix and nearly trebled payments to the company despite overwhelming evidence of failure, Whitehall’s spending watchdog has disclosed. ...
Tata Sons names Natarajan Chandrasekaran new chairman image
Source : BBC [Read Article] Thursday 12th of January 2017 02:31:56 PM
....Tata Sons is the holding company for a business empire ranging from Jaguar Land Rover and Tata Steel to aviation and salt pans. IT outsourcing giant Tata Consultancy Services (TCS) is India's most-valuable company with a market capitalisation of $67bn (£55bn). ...
Corbyn’s wage cap plan labelled unworkable but keeps pay on agenda image
Source : Guardian [Read Article] Tuesday 10th of January 2017 08:05:41 PM
.... But Stern said finding companies where the pay ratio was this low, closer to where it was in the 1990s, was difficult. Vast numbers of companies bid for government contracts from consultancies – such as Deliotte which was embroiledin a row over its warning over Brexit last November – and major outsourcing companies such as G4S and Capita. ...
Basic shop disciplines deliver Morrisons a merrier Christmas image
Source : Guardian [Read Article] Tuesday 10th of January 2017 03:13:19 PM
.... Interesting but, again, how would this be policed? It sounds like torture for tax officials already struggling to ensure compliance with minimum-wage rules. And an unwelcome effect could be companies gaming the system by outsourcing their lowest-paid roles. ...
Toyota will face 'big border tax' if Mexico plant makes US cars, Trump says image
.... or pay big border tax!” Trump tweeted. Last month Trump threatened “retribution” against companies outsourcing factory work to foreign facilities. ...
Ford cancels plans for Mexico plant as Donald Trump threatens to tax GM image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 02:49:16 PM
.... For its part, Ford must slash $3bn a year from its expenditures this year and next year, the company told shareholders in the fall; it is shifting resources to electrification and automation. Ford has more often been the target of Trump’s ire over the outsourcing of jobs than GM. ...
Lloyd's of London's Inga Beale made a dame in New Year honours list image
Source : Guardian [Read Article] Friday 30th of December 2016 10:30:11 PM
....Other business leaders to be honoured include Ian Powell, the former chairman of the PwC accountancy firm, who receives a knighthood. Powell stepped down from the post in the summer and will become chairman of outsourcing group Capita on 1 January. ...
Brexit, strikes and pay revolts: the year in business image
Source : Guardian [Read Article] Wednesday 28th of December 2016 06:00:27 AM
.... By the end of the year, the Dundee-based firm outlined a dramatic plan to outsource the management of its investment funds. Ruby McGregor-Smith stepped aside after a decade running outsourcing company Mitie. ...
Amazon Go checkout-free stores look set to come to UK image
Source : Guardian [Read Article] Friday 9th of December 2016 11:54:59 AM
....The prospect of rapid automation of the retail industry has added to unease about the use of technology to replace human workers. Capita, the outsourcing company that collects the BBC licence fee, said this week it would cut 2,000 jobs and plough the cost savings into developing robots. ...
Capita capitalises on robots before new chair Powell powers in | Nils Pratley image
....The march of the robots has begun. After it has axed a couple of thousand jobs, including by outsourcing posts to India (groan), Capita wants to ramp up “a proprietary robotic solution to achieve scale automation across some of our operations”. ...
Capita to replace staff with robots to save money image
Source : Guardian [Read Article] Thursday 8th of December 2016 07:29:14 PM
. A British outsourcing company whose contracts include collecting the BBC licence fee is to replace staff with robots as it slashes costs. ...
Capita shares dive to 10-year low after profit warning image
Source : Guardian [Read Article] Thursday 8th of December 2016 11:20:33 AM
. Shares in outsourcing group Capita have crashed to a 10-year low after the company issued a second profit warning in three months and said it would start to sell assets. ...
Capita shares plunge after profit warning image
Source : BBC [Read Article] Thursday 8th of December 2016 09:18:21 AM
. Shares in outsourcing group Capita have fallen more than 14% after the company issued another profit warning and said it would sell assets. ...
Adele tickets appear online for £9,000 despite singer's efforts to stop touts image
....”. Walker said he has seen an increase in touts simply outsourcing bot activity overseas in anticipation of their use being banned in the UK. ...
Theresa May should ignore objections to publishing pay ratios | Nils Pratley image
.... A related party includes “close family members of key management” and transactions should be disclosed. It will thus be enlightening to hear Grant Thornton’s explanation of why it thought it was OK for Sports Direct to be silent about its outsourcing of some of its international deliveries to a company owned by John Ashley. ...
FTSE 100 ends flat despite good gains for miners image
Source : BBC [Read Article] Monday 21st of November 2016 09:38:31 AM
....4%. In the FTSE 250, shares in outsourcing group Mitie were down nearly 10% after it issued a profit warning and reported a £100m half-year loss. ...
Mitie withdraws from healthcare as it issues second profit warning image
Source : Guardian [Read Article] Monday 21st of November 2016 09:37:09 AM
. Mitie has published its second profit warning in two months after the outsourcing company’s customers continued to reduce spending due to rising costs and economic uncertainty. ...
FTSE 100 climbs as retail sales beat forecasts and Anglo American rises image
Source : Guardian [Read Article] Thursday 17th of November 2016 09:57:36 AM
....But Robin Speakman at Shore Capital issued a sell note:. We have examined the likely scenarios for the outsourcing services conglomerate in restructuring and conclude that guidance is subject to significant risk. ...
Neoliberalism: the deep story that lies beneath Donald Trump’s triumph | George Monbiot image
....Thatcherism and Reaganism were not ideologies in their own right: they were just two faces of neoliberalism. Their massive tax cuts for the rich, crushing of trade unions, reduction in public housing, deregulation, privatisation, outsourcing and competition in public services were all proposed by Hayek and his disciples. ...
Virgin Care wins £700m contract to run 200 NHS and social care services image
Source : Guardian [Read Article] Friday 11th of November 2016 01:10:45 PM
....“This is obviously part of a big push by Virgin to dominate the supply of community health across England. The experience so far from NHS outsourcing is that companies struggle to deliver the level of service that patients need and make a profit,” said Paul Evans, co-ordinator of the NHS Support Federation, which monitors NHS contracts being awarded to firms such as Virgin. ...
Who will be on Trump's economic team? image
Source : BBC [Read Article] Wednesday 9th of November 2016 03:07:42 PM
....He doesn't know Trump personally, but was appointed a senior trade adviser to the campaign. He is also author of the book American Made: Why Making Things Will Return US To Greatness, in which he argues for a greater focus on manufacturing, and flags up the "false promise" of green jobs and the "hidden costs of outsourcing". ...

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