The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62.02 - Computer consultancy activities
New offshoring locations
1,300 jobs Number of planned job losses
Announcement Date
22 April 2008
Employment effect (start)
15 May 2008
Foreseen end date
31 December 2008
Description
Logica, UK-based global IT and management consultancy company, has announced that it is to offshore some of its activities to India with the loss of 1,300 jobs in Europe by the end of 2008. Some 900 jobs will be lost in the UK and another 100 in France; there is no information on other countries affected by this restructuring. The company also plans to increase the number of workers in low-cost countries (from 3,450 up to 8,000). With an investment of EUR 41 million, Logica will expand its marketing and sales activities and increase the number of employees in the field of business consulting from 2,500 to 3,500. The whole restructuring plan will amount to EUR 137 million and it is expected to generate EUR 80 million savings per year. The company currently employs 39,000 across 36 countries.
Sources
23 April 2008: Les Echos
9 May 2008: La Tribune
Citation
Eurofound (2008), Logica, Offshoring/Delocalisation in European Union, factsheet number 66626, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66626.
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