Published on Wed, Sep 24, 2008 at 20:41 , Updated at Thu, Sep 25, 2008 at 12:19
The Indian outsourcing industry could face the brunt of a credit crunch, banking crisis, and consequent layoffs. Lloyds TSB's union in Britain has now called for an end to moving jobs to India.
Unions concerned over outsourcing, this isn't the first time. Lloyds' union has expressed concerns over outsourcing of jobs to India. Jobs are on the line post Lloyds-HBOS merger. With the fact that thousands of jobs maybe on the line, the Union is using this opportunity to raise the outsourcing issue again. It has demanded a freeze of further outsourcing to India and to return the about 3,000 jobs already outsourced over the past five years or so. Anxiety of job losses will continue both in the UK as well as in India.
http://news.moneycontrol.com/india/news/economy/freeze-job-outsourcing-to-india-lloyds-tsb-union/21/21/358118Britain is waking up....when will the U.S.?