Quote Originally Posted by Gen. Miting View Post
ok given that all grim things that you mentioned above will happen, dont you think US companies will tend to outsource more now?
Just hope Citi survives these next few weeks...

Citigroup to expand workforce in RP

Outsourcing expansion seen creating 1,000 new jobs


WHILE AMERICAN financial giant Citigroup is streamlining across the globe, it expects to create about 1,000 new jobs and triple its workforce in the Philippines next year, picking the country as a regional hub for business process outsourcing (BPO).

"Citi is repositioning in Asia-Pacific but we remain focused on growth. As we review our operations and where we can be more efficient, something which we have been doing even before the downtrend in the global financial markets, we in the Philippines are optimistic that instead of reducing head count, we will be growing," Citibank country business manager Mark Jones said.

Jones said Citibank had a staff of about 500 in the country and would likely hire an additional 1,000 in the coming year as part of plans to build processing centers and expand its domestic banking business.

"We expect the Philippines to be a preferred location for regional hubs or center of excellence because of superior skilled workers and attractive labor costs," Jones said.

"From call centers to financial reporting and service centers, there's a whole lot of activity moving to the Philippines," he said.
http://business.inquirer.net/money/t...orkforce-in-RP