Greedy Fookers?

[sasguru]

Outsourcing, rightsizing etc are popular with shareholders and bring kudos to senior management.

[Dow Jones]

Outsourcing

It's become a game now, who will out-outsource who. Shell vs BP, Barclays vs LloydsTSB, Citibank vs JP Morgan. I see projects with figures touted about of millions of 'cost benefits' without even a proper feasibility study. Some are talking about outsourcing Basel and other critical stuff. A good auditing by some proper watchdog (not lapdog, like the FSA) may one day unearth what has been going on. By then, it'll probably be too late.

[KathyWoolfe]

Which will leave a big skills gap to fill.... <kerching>

except the jobs will all be off-shored

[Tensai]

They are fooked.

You do need to understand quite a lot about the business to manage the IT properly there. I know quite a lot of people who are being novated to EDS, T-serives, etc etc, and they are going to scarper as soon as a good opportunity comes up.

Which will leave a big skills gap to fill.... <kerching>

Am I the only one getting that deja vu feeling?

[Mailman]

These buggers may have made a lot of money BUT they should be concerned because that growth has come because of the rise in the cost of oil, not because they are finding new reserves...apparently

Mailman

[Mailman]

Speaking of offshoring...Barclays announced (internally) that they are going to offshore all of it's IT function. The offices in Poole will close end of the year and a few hundred IT bods will go....oh dear (TM)

Which is why I reckon the bods over at ABN Amro were happy Barclays got rooted in the scramble for their eggs!

Mailman

[Pondlife]

Shell outsourcing plan is for Infrastructure only. Help desk etc is already in Malaysia/Mumbai.

Problem is that most of their (non desktop) applications are bespoke non-global and so will have to be supported locally.

Nothing to see here... move along now...


Edit: This is downstream only. Think upstream just share the one pc between them.

[scaramanga]

Don't worry it will cost them more in the long run when their systems are a shambles and they start losing customers as a result.

[Ardesco]

Speaking of offshoring...Barclays announced (internally) that they are going to offshore all of it's IT function. The offices in Poole will close end of the year and a few hundred IT bods will go....oh dear (TM)

I would be surprised if they got rid of everything... Radbroke Grove is packed full of servers and IT people, they wouldn't tear apart the "Barclays Campus" would they.....

Secondly if you had a bunch of offices in Poole, wouldn't you close them down? I know I would.....

[daviejones]

http://news.bbc.co.uk/1/hi/business/7219148.stm

The Anglo-Dutch oil firm Royal Dutch Shell has reported record annual profits for a UK company.

Its profit measured by current cost of supply was $27.56bn (£13.9bn) for 2007, beating its own 2006 record of £12.9bn.


http://news.bbc.co.uk/1/hi/business/7165022.stm

Anglo-Dutch oil company Shell has said it is considering the position of a number of workers as part of a long-running review of its operations.

The comments come after reports that the company was looking at offshoring as many as 3,600 posts in its information technology (IT) division.

Shell said it was in talks with firms over the possible move, and was also thinking about other changes.

It added that no decision had yet been made, though that would happen in 2008.

Shell has 108,000 staff worldwide, based in 130 countries.

Since 2005, the company has been reviewing its business in an attempt to cut costs by about £500m a year.


Tossers.

Speaking of offshoring...Barclays announced (internally) that they are going to offshore all of it's IT function. The offices in Poole will close end of the year and a few hundred IT bods will go....oh dear (TM)

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/7219148.stm

The Anglo-Dutch oil firm Royal Dutch Shell has reported record annual profits for a UK company.

Its profit measured by current cost of supply was $27.56bn (£13.9bn) for 2007, beating its own 2006 record of £12.9bn.


http://news.bbc.co.uk/1/hi/business/7165022.stm

Anglo-Dutch oil company Shell has said it is considering the position of a number of workers as part of a long-running review of its operations.

The comments come after reports that the company was looking at offshoring as many as 3,600 posts in its information technology (IT) division.

Shell said it was in talks with firms over the possible move, and was also thinking about other changes.

It added that no decision had yet been made, though that would happen in 2008.

Shell has 108,000 staff worldwide, based in 130 countries.

Since 2005, the company has been reviewing its business in an attempt to cut costs by about £500m a year.


Tossers.