Reuters to shift editorial jobs to India

[Kadie]

Reuters to shift editorial jobs to India

Monday, August 9, 2004

(08-09) 12:03 PDT LONDON (AP) --

Financial news and information provider Reuters Group PLC plans to outsource as many as 20 editorial jobs to India from more expensive newsgathering locations around the world, a company spokeswoman said Monday.

Reuters will hire up to 40 journalists to staff a new newsroom in the Indian city of Bangalore to take over these editorial duties and to expand output for the company's news service. They will focus primarily on providing greater information about small and medium-sized companies that are publicly traded in the United States, London-based spokeswoman Susan Allsopp said.

The new employees will compile tables of financial data to accompany longer stories written by Reuters journalists elsewhere, and also provide information from news releases and filings to national regulatory authorities such as the U.S. Securities & Exchange Commission.

Reuters hopes to find new positions for the staffers whose jobs will be outsourced to India.

"There will be some impact, but we're trying to minimize that," Allsopp said.

http://www.sfgate.com/cgi-bin/article.cgi?file=/news/archive/2004/08/09/financial1503EDT0141.DTL&type=business

[hatrack]

1. Gee, how will the financial press react to this little item?

This should be fun to watch.

[jayfish]

2. Katie Bar The Door!

It looks like we may start to see lots more outsourcing coverage outside of Lou Dobbs.

Jay

[daleo]

3. Most will probably go like sheep to the slaughter

The big names will be safe. Journalism (mainstream) seems to be a whipped-dog profession lately anyway, so they will go quietly, never protesting.

[realFedUp]

4. A sari state of affairs

:-)

[omshanti]

5. never a dhal moment, that's for sure

;-)

on edit: Post #666! did I accidentally sell my soul or something?

[realFedUp]

6. LOL

You'll get over it....

[hatrack]

7. Puns mean never having to say you're sari . . . .

I'd ride a camel across the Aloo Gobi Desert for humor like this. ;-)

[dumpster_baby]

9. uh-oh! n/t

[TahitiNut]

8. Corporate Public Relations Whores are being off-shored?

Color me unsurprised.

The most obscene off-shoring I've yet heard of are the collection agencies that call people behind in payments who've been unable to find employment ... and they're calling from India! (Talk about adding insult to injury!)

[slojim240]

10. Better take a look at who has the most influence in India today.

Follow the money and the international agreements. You will be surprised.