The Switzerland based financial services provider UBS is reportedly selling its business Process Outsourcing and Knowledge process Oustourcing units and it is said that to be in the talks with the Indian offshoring giants Infosys Technologies Limited and Wipro Limited. The UBS Indian Service Center and UBS Krakow center has an estimated value of $200 million. The UBS’ decision to sell its BPO and KPO units might not come as a surprise as Citigroup Inc. made the same move when it sold its captives in the year 2008. The Switzerland based bank may have made the decision at the wrong time as a Tata Consultancy Services that predicts the decline in the global outsourcing demand. The conditions now are little clearer in a sense decline in the terms of the demand that was seen earlier appears to have been arrested.
The retailing in a recession, the opportunities for the outsourcing that finds a states that the demand for the outsourcing in the North America and Western Europe that will continue and suggest economic uncertainties that are also driving retailers into the offshoring world to protect margins bu cutting operational costs. The increasing economic pressures affecting the retail industry that means that the companies will increasingly look to the outsource technology and business processes to cut costs and focus on the core skills.
To return to pre-recession levels, the black book of the outsourcing 2009 also backs offshore and outsourcing industry’s confidence. The amid various forecast on the global economic recovery, the outsourcing industry experts agree on the healthy picture of the industry.
REFERENCE:
http://www.blog.infinit-o.com/ubs-sells-bpo-kpo-units/
