Companies see savings in outsourcing deals

[Nottingham]

Companies see savings in outsourcing deals
Dennis Eng

Companies have long warmed to the idea of farming out some of their non-core operations to save on costs.

But few have actually attempted to make such outsourcing arrangements work on the scale of the US$700 million (HK$5.46 billion) global deal signed between real estate management specialist Jones Lang LaSalle and Procter & Gamble last month.

The five-year agreement covers all 13.8 million square feet of Procter & Gamble-owned and leased commercial properties throughout North and South America, Asia and Europe. Jones Lang will handle the day-to-day operations and related staff and maintenance expenses of these buildings.

According to Jeremy Sheldon, Jones Lang's head of tenant representation for Asia, real estate is the second biggest cost of a company, after personnel.

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This is just so Bad for American workers

the cost of living is so different in India & China than here

this is so ugly!!:bounce:

[Ouabache]

1. Outsource Bush !

I have been spreading this meme lately.

Outsource Bush !

Been thinking about getting some bumperstickers made with this on it.

[Nottingham]

2. Ya Know that is a Helluva great idea for a bumper Sticker

I love that Out Source Bush is right! :bounce:

[whathappened]

3. so many of the people i know

are losing there work to mexico and across the pond , now are f orfathers are the ones who made these companys what they are today and our fathers and mothers carried on there hard work , now that they are rich in money , they don't need us anymore , we cost to much to hire , this is b.s. , who are the real americans hear , the workers who have helped build these companys , or the companys who are all heading to mexico or over sea's to save some buck ?????? , traders to our country are my thoughts about these ass wipes

[Nottingham]

4. I hate this so much!

:kick:

[Riptide]

5. My husband is a computer programming consultant, and

he is very nervous that he is going to lose his job. All of the big companies around here are outsourcing tech jobs to India. The programmers in India will work for less than $10,000 a year. Obviously, there is no way for any of the American programmers to compete with that rate.