Friday, February 27, 2009

Newsworthy Items

Anchors aweigh - Engineering jobs moving out as globalization strengthens in automation industry
In an earlier article posted with the author stated that a number of engineering jobs are being moved offshore. Tom Arrison, senior staff officer at The National Academies in Washington, D.C. stated "it is difficult to measure just how broad the trend is though because employment and trade statistics make it difficult to track when certain markets are going overseas". For the full story please click on the link above.

R&D Offshoring to Rise
Offshoring reported on February 25 that the IT R&D offshoring market in India is expected to record a CAGR of 23% and is expected to reach $21.4 billion by 2012. The information came from a study done by Zinnov, a consulting firm. Please click on the above link to read the entire story.

Indian outsourcing gains momentum in Australia
According to a report in the February 26, 2009 edition of Offshoring Times. com Australia has been slow to openly embrace India as an outsourcing destination but momentum is building and more organisations are saying they have shipped technology and business process work offshore. Many of the companies that have entered the fray play in the financial services sector, a voracious and aggressive user of information systems and services.

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