UK based HBOS planning to send 2000 IT Jobs to India

October 3, 2008

HBOS, UK based bank is planning to send 2000 IT jobs to India UK’s The Daily Mirror reported. Recently HBOS executives visited Bangalore, India to find potential outsource partners. HBOS is being bought by Lloyds TSB and it is waiting for the merger.

The company issued following statement “It has been exploring for some time whether to extend use of overseas contracts in the area of software development and applications. But the bank says “no decisions have been taken” and any extension of offshoring will only occur after consultation with unions. Our work in this area is completely unconnected to the proposed acquisition by Lloyds TSB”.


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