Wednesday, 28 November 2007

The British Prudential will outsource 3000 jobs

The British insurer Prudential will transfer a portion of its services to customers and computer services group Capita.

The British insurer Prudential will transfer a portion of its services to customers and computer services group Capita, which will result in the transfer of 1,750 employees British and 1,250 employees in Bombay, for a saving of 60 million pounds per year (84 million EUR ) at the end of 2010.

This information provided Wednesday by the British insurer falls within the savings program announced in March and to remove 195 million pounds of costs per year in three years. Prudential had indicated at the time that 3,000 jobs were "under review".

Prudential had also indicated that measures were in place to get the first 115 million pounds of savings. The net cost of these reductions will be 176 million pounds, of which 57 have already been registered in 2006.

Prudential ensures that customer service will be better after that the agreement with Capita "thanks to a major simplification" of the administration of insurance policies. The cost will be dealt with by police lowered by 32%.

The value of the contract, which would last 15 years, is 722 million pounds over that period. Under the contract, Capita will acquire certain activities of Prudential for 25 million pounds, of which a portion of PPMS, its subsidiary in Bombay.