Barclays/ABN Amro merger to bring in 10,800 outsourced jobs to India

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Barclays/ABN Amro merger to bring in 10,800 outsourced jobs to India

London-based bank Barclays PC to outsource 10,800 jobs to India following a giant merger with ABN Amro Holding NV, in a move to enhance annual savings. The banks hope to boost profits by cutting down annual costs by an estimated $3.81 billion within 2010 by cutting down jobs, outsourcing and through IT savings. Around 57% of cost savings will be achieved by combining some of the banks' service operations and moving them to India and other low-cost locations.

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