Free Republic

Indo-Asian News Service US mortgage bank Abbey has announced that it would outsource some of its back office works to India with a view to cutting cost, angering the workers' union who say the move will result in large-scale job losses. Abbey is discussing its outsourcing plans with MsourcE, which provides accounting, payroll and processing services to a host of companies globally in Bangalore and Pune, reported silicon.com. Amicus, a trade union that represents insurance and financial services workers, has called for an immediate meeting over the pilot project of Abbey. "Outsourcing is a fact of global life but it...