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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (8196)2/17/2004 12:01:57 PM
From: Haim R. Branisteanu  Read Replies (1) of 110194
 
Most Siemens Software Jobs Moving East
By THE ASSOCIATED PRESS

Published: February 16, 2004


Filed at 12:32 p.m. ET

BANGALORE, India (AP) -- The German firm Siemens will move most of the 15,000 software programming jobs from its offices in the United States and Western Europe to India, China and Eastern Europe, a company official said Monday.

``Siemens has recognized that a huge amount of software development activity needs to be moved from high-cost countries to low-cost countries,'' said Anil R. Laud, managing director of Siemens Information Systems, the group's information technology subsidiary in India.

About 3,000 of the 30,000 software programmers that Siemens employs worldwide are already in India.

nytimes.com
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