Job Market Monitor
Offshoring
Canada – Labour productivity of a firm engaging in offshoring was 6.8% higher StatCan finds
Offshoring refers to the sourcing of intermediate inputs for domestic production abroad. Specifically, in this paper, offshoring refers to goods imported directly by manufacturers, including both intra- and inter-firm transactions across international borders. Excluded, because of data limitations, are goods imported through intermediaries as well as services. Firms engaging in offshoring are found to be … Continue reading
UK – NHS jobs to be outsourced to INDIA unions claim
Hundreds of NHS jobs could be shipped off to India under cost-saving plans being considered by health chiefs, unions have claimed. The country’s biggest health union, Unison, said the cuts could cost 900 British workers their jobs. NHS England managers are set to consider the plans at a crunch board meeting tomorrow. Most of the … Continue reading
Jobs Returning To US / Several factors have changed
Over the last decade, several factors have changed such that onshoring of jobs by U.S. companies and offshoring by foreign companies will continue to increase significantly over the coming decade: The rising cost of labor in China. The rising strength of China’s currency. Wage rates in the United States. Fuel and Production Costs. Changing Perceptions. … Continue reading
India / TCS wins 1,000 offshore jobs from British energy firm NPower
India’s largest IT service provider Tata Consultancy Services Ltd (TCS) on Thursday won a major deal to handle nearly 1,000 offshore jobs for the British energy giant NPower as part of its restructuring Continue reading
PSA-Peugeot-Citroen Offshoring / A 3rd China plant
PSA/Peugeot-Citroen opens a third assembly plant in China today, expanding in the world’s largest vehicle market even as a slump in European demand prompts it to cut jobs at home Continue reading
Offshoring / Bank of America Moving Home Mortgage Jobs To India
Bank of America (BAC) opened a unit in India to review home-valuation reports as it seeks to rebuild share in U.S. mortgages at a lower cost Continue reading
China / Manufacturing offshoring creates win-win situation
Chinese manufacturers that set up factories in the United States could help create local jobs and win-win situation for the world’s two largest economies, two US mayors said on Wednesday. The genuine dialogue of doing business between the United States and China “has to happen on the local level,” Sheldon Day, mayor of Thomasville City, … Continue reading
Declining advantages for U.S. companies from offshoring
Three economic and financial experts forecast an improvement in U.S. employment as the continuing globalization of national economies continues to lift overseas wages, blunting the advantages U.S. companies derive from offshoring. Bob Baur, chief global economist of Principal Global Investors, Jim McCaughan, chief executive officer of Principal Global Investors, and Drake University law professor Hunter … Continue reading
US / About 29 M employed in offshorable production and services occupations
“Offshoring, also known as offshore outsourcing, is the term that came into use more than a decade ago to describe a practice among companies located in the United States of contracting with businesses beyond U.S. borders to perform services that would otherwise have been provided by in-house employees in white-collar occupations (e.g., computer programmers and … Continue reading
Reshoring in US / A nascent trend ?
Recent days have produced a steady drip, drip, drip of good tidings about new jobs on America’s factory floors. Apple, Lenovo, LG Chem, and now Daimler AG have all recently said they plan to add manufacturing jobs in the US. President Obama hopes it’s a sign of the times, but economists say it’s, at best, a … Continue reading
Reshoring in UK / China wage hike spurs trend ?
It moved half its production to China to keep costs down, but eight years later one company is bringing production back to Britain. It’s another example of the backshoring trend that has seen many European manufacturers relocate their business back home. Caldeira is a cushion-making business headquartered in Merseyside, Northern England. Since 2004 it has … Continue reading
US / Offshoring / About 663,000 large-company service jobs heading offshore
Service companies have been sending jobs abroad in large numbers the past decade to cut labor costs — a trend that accelerated in the recession and is expected to continue the next few years before slowing after 2016. About 663,000 large-company jobs in information technology, human resources, finance and purchasing — the category that includes … Continue reading
Reshoring / There was a herd mentality to the offshoring says John Shook
Business practices are prone to fads, and in hindsight, the rush to offshore production 10 or 15 years ago looks a little extreme. The distance across the Pacific Ocean was as wide then as it is now, and the speed of cargo ships was just as slow. A lot of the very good reasons for … Continue reading
US – Offshoring and middle-income workers
New evidence on the relationship between offshoring and polarisation In a new working paper, Lindsay Oldenski documents an empirical link between offshoring and the polarisation of the US labour market (Oldenski 2012). This study, which will be presented in November at both the Empirical Investigations in International Trade conference in Santa Cruz and the US Department of … Continue reading
U.S. Multinationals Creates Jobs Mostly Abroad writes WSJ.com
Thirty-five big U.S.-based multinational companies added jobs much faster than other U.S. employers in the past two years, but nearly three-fourths of those jobs were overseas, according to a Wall Street Journal analysis. Those companies, which include Wal-Mart Stores Inc., International Paper Co., Honeywell International Inc. and United Parcel Service Inc., boosted their employment at … Continue reading
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