Hi All,

The previously reported trend in overseas outsourcing continues unabated. EDS announced today that it will cut staff to be replaced by workers in India and the Philippines.

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Electronic Data Systems Corp. will cut an amount of jobs "significantly higher" than the 2 percent layoff it announced in June, chief executive Michael H. Jordan said Tuesday.

To cut costs, EDS plans to increase the number of workers it employs in low-cost countries, such as India and the Philippines, to 20,000 from 9,000 by the end of 2004. That could help cut service costs by 25 percent, Mr. Jordan said.

http://www.dallasnews.com/sharedcontent/dallas/business/stories/090303dnbusedsjordan.85786.html
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For those that have forgotten, Bush supports the loss of good middle class American jobs via outsourcing.
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The Indian government and businesses have won a major assurance from the Bush Administration on the issue of outsourcing.

A senior US official has said Washington is against any attempt by state governments to legislate a ban on outsourcing on the lines of what is being considered in New Jersey and other states.

The official, US Trade Representative Robert Zoellick, gave this assurance in course of three hours of intensive talks with Indian Commerce Minister Arun Jaitley, during which they discussed subjects ranging from the movement of people to the export of Indian mangoes to the US.

http://economictimes.indiatimes.com/cms.dll/html/uncomp/articleshow?artid=22887
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