According to Wikipedia , Offshoring can be defined as relocation of business processes to another country, especially a country overseas. This includes any business process such as production, manufacturing, or services.
European financial services firms will drastically increase their use of offshore resources, with up to 450,000 continental European financial services jobs moving offshore by 2010.
Europe is the fastest growing region for most Indian outsourcing firms, and will continue to burgeon as European firms bring their cost structures in line with global competitors, according to a new Celent report, Offshoring in the European Banking and Securities Industries. The report provides an overview and analysis of key trends driving the move to offshore and looks at those European financial services firms that are aggressively offshoring. Further, it looks at the key issues that impact firms’ decisions about offshoring on a country-by-country basis.
Outlook on Offshoring in the European Banking and Securities Industries source
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