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Nobody Doesn't Like...Outsourcing?
12 December 2008:
Sara Lee announced today that it will cut about 700 back-office jobs and outsource some finance positions.
In addition to saving between $200 million and $250 million over the next three years, the company expects to gain more efficiency and flexibility as it cuts positions in North America and Europe. Some of these jobs were held by contractors.
As companies cut some finance jobs, they are offshoring others. Nearly half of the more than 350,000 back-office jobs that will move to India and other low-cost job markets in 2009 and 2010 will be in corporate finance, according to new research by consultancy The Hackett Group.
Source: CFO.com
