(8 pm. – promoted by ek hornbeck)
India Outsourcers Hiring Staff as US Demand Grows
By THE ASSOCIATED PRESS
Published: January 20, 2010
Filed at 9:44 a.m. ET
MUMBAI, India (AP) — India’s top three outsourcing companies are ramping up hiring and increasing pay as global corporations, mainly from the U.S., send more work offshore to cut costs as they emerge from the downturn.
Tata Consultancy Services, Infosys, and Wipro expanded their global workforces by an average of 5.1 percent last quarter, together adding 16,701 employees, company documents show — an early sign that the Great Recession may ultimately benefit India as cost-conscious companies outsource more work, just as they did after the dot-com bus….
Heck of a job there, O.
Contrast the US response /stim to France:
Ghosn was summoned to meet Sarkozy after France’s second- largest carmaker floated the idea of shifting production of the next Clio compact car to its plant in Bursa, Turkey. The suggestion came after France spent about 600 million euros to boost car sales and provided Renault with 3 billion euros of aid in the face of the worst recession since World War II.
“We haven’t invested all this money supporting our carmakers just to see all the factories moved overseas,” Sarkozy told lawmakers in the National Assembly Jan. 13. The French state is also Renault’s biggest shareholder with a 15 percent stake.
That’s what could have been.