WestLB Begins Outsourcing to HP
FRONT PAGE: OUTSOURCING AND OFFSHORING
LONDON—German banking giant WestLB and Hewlett-Packard (HP) are taking their first steps in implementing a massive outsourcing contract signed last year.
Outsourcing deals of this magnitude—$500 million and a five-year commitment—may be few and far between over the coming years as the industry shifts to smaller outsourcing arrangements, observers say.
For WestLB, HP will support approximately 1,000 trading-related desktops (DWT, Oct. 25, 2004). Under the terms of the agreement, 450 WestLB staff
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