Celent: Europe to Offshore 450K Jobs
FRONT PAGE: OUTSOURCING AND OFFSHORING
LONDON—Nearly a half-million jobs—450,000 positions—in the European financial services sector could be offshored by 2010, with IT services and complex application development jobs moving to countries such as India and Russia, according to a new report by Boston-based consultancy Celent.
In 2005, Celent researchers found that the offshoring growth rate "in Europe outpaced that of the U.S. and the rest of the world, and should do so throughout 2006 and 2007." This trend is being led by firms such
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