Logica restructure slashes 1,300 European jobs

Logica, the global IT services company, has announced plans to slash 1,300 European jobs, including moving some 500 UK jobs move abroad.

The £110 million restructuring plan will see Logica develop its Indian workforce and expand its nearshore offering.

With the move, Logica aims to drive its blended delivery model which combines onshore and offshore outsourcing, while saving £80 million a year from 2010.

Andy Green, CEO of Logica said: “We will be increasing our investment in growing the Logica business, funded by a cost-cutting programme that will reduce overheads [and] allow us to revitalise Logica, delivering sustained value for shareholders, customers and employees alike.”

See News Analysis for more.

Posted by on 04/23 at 07:42 AM

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