Outsourcing Companies: Outsourcing Companies

Outsourcing Companies Dept: MUMBAI, India - Low cost efficiency put India's outsourcing companies at the heart of global business and created a multibillion dollar industry that for years has skated over criticism it was eliminating white collar jobs in rich nations. Now, the industry's long-held fears of a backlash are being realized in its crucial U.S. market, according to Winnipeg Free Press. The cost to the Indian companies, which do everything from running call centres to managing the massive amounts of transactional data generated by banks, could run to several hundred million dollars in lost profits and FILE- In this Aug. 7, 2007 file photo, Hewlett-Packard employees work at the company's Business Process Outsourcing center in Bangalore, India. Low cost efficiency put India's outsourcing companies at the heart of global business and created a multibillion dollar industry that for years has skated over criticism it was eliminating white collar jobs in rich nations. Now, the industry's long-held fears of a backlash are being realized in its crucial U.S. market. Provisions in an overhaul of U.S. immigration law will close loopholes that allow outsourcing companies, Indian and American, to pay guest workers in the U.S. at rates often below wages for equivalent-level Americans. AP Photo/Aijaz Rahi, file Provisions in an overhaul of U.S. immigration law will close loopholes that allow outsourcing companies, Indian and American, to pay guest workers in the U.S. at rates often below wages for equivalently skilled Americans. The proposed changes are in line with President Barack Obama's vows to make it tougher for U.S. companies to replace American workers with cheaper labour abroad, either by opening factories overseas or subcontracting their work to outsourcing companies. (www.immigrantscanada.com). As reported in the news.