Interesting.. Makes sense why Walmart announce that they will be opening more new stores only to ship those jobs to India.
Wal-Mart Stores has shortlisted top Indian tech firms, including TCS, Infosys and Wipro, for an outsourcing contract potentially worth up to $500 million over next few years, as the retailer seeks to award multiple contracts for managing its business applications and other back office activities.
At least two people familiar with Wal-Mart's outsourcing strategy told ET on conditions of anonymity that the retailer is expected to start outsourcing more to India within six months.
"Wal-Mart has been testing the waters by outsourcing smaller projects to companies such as Infosys, TCS and Wipro. Now, the retailer wants to flesh out a more comprehensive outsourcing strategy and has shortlisted these tech vendors," said a senior executive of one of the tech firms exploring business opportunities with Wal-Mart. He requested anonymity because he is not authorised to speak to media. Read on.
2 comments:
Notice how Walmart is not advertising it's made in America merchadise anymore.
They say they are sensitive to US jobs? Why can't they hire the IT and office jobs here? Are these full time benefit jobs? Most likely.
Yes it's planning on adding jobs in the US, when you open 150 new stores you need lots of part time minimum wage workers to put that made in china stuff on the shelves, ring it up and bag it.
Yes TGCN and you can bet President Obama is watching. Look for companies that do this to be taxed alot for their actions. Walmart might think their plan will work but Tim Geithner is two steps ahead of them with China and India. US companies will find that China and India will be more closely they before and don't forget we're a Global Economy now and when one does good we all do good. Foreign countries aren't like the US, they share the wealth to get even richer. Money will be made but the shareholders will demand some of that big CEO money and as for Walmart, greed will be their down fall.
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