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Data: Multinational Corporations Kept Outsourcing U.S. Jobs in Pandemic


5 Apr 2021
A number of multinational corporations and outsourcing firms continued outsourcing American white-collar jobs in Fiscal Year 2020 to H-1B foreign visa workers, data reveals.
Thirty multinational corporations, big banks, and outsourcing firms were awarded approval by the United States Citizenship and Immigration Services (USCIS) agency to outsource more than 33,000 American white-collar jobs to H-1B foreign visa workers, according to data compiled by Economic Policy Institute (EPI) researchers.
“Members of Congress and Presidents from both parties over the past 14 years who have been well-informed that the H-1B program has morphed into a corporate scam to offshore U.S. tech jobs and underpay migrant workers have turned a blind eye to fixing it,” the EPI researchers write. ....

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Brink's Acquires Largest Privately Owned Provider of ATM Services in the U.S.


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Brink’s Acquires Largest Privately Owned Provider of ATM Services in the U.S.
The Brink’s CompanyApril 6, 2021 GMT
PAI Acquired for $213 Million, Expected to Generate Approximately $30 Million of Adjusted EBITDA in 2021
Provides Full Range of Managed Services for Approximately 100,000 ATMs
Adds Management Depth and Technology, Expands Brink’s ATM Service Capabilities
Strengthens “Strategy 2.3” Platform in North America
RICHMOND, Va., April 06, 2021 (GLOBE NEWSWIRE) The Brink’s Company (NYSE: BCO), the global leader in total cash management, route-based secure logistics and payment solutions, today announced its acquisition of PAI, Inc., the largest privately-held provider of ATM services in the U.S., for $213 million. On a current full-year basis, PAI is expected to generate revenue of approximately $320 million and adjusted EBITDA of appro ....

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Research and Markets: German Facility Management Market Outlook to 2025 - Renewed Outsourcing and Technical Services to Drive Recovery


Research and Markets: German Facility Management Market Outlook to 2025 - Renewed Outsourcing and Technical Services to Drive Recovery - ResearchAndMarkets.com
ResearchAndMarkets.com s offering.
Germany is the second-largest market for FM in Europe (after the UK) and is one of the fastest growing markets. It will present strong opportunities to incumbent suppliers, as well as attract new entrants from outside the country. The German FM market has the highest potential among all European markets but is underpenetrated due to high reliance on in-house FM. The market will witness good growth in the coming years.
Meanwhile, with FM services commoditising and organic growth hard to find, companies need to innovate to keep growing and remain profitable. The industry will continue to move towards service integration and sophisticated advisory services focused on business productivity, and M&A activities will continue. ....

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Indian outsourcing has outshone world in pandemic; Bofa added 3,000 jobs: Official


Indian outsourcing has outshone world in pandemic; Bofa added 3,000 jobs: Official
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Last Updated: Apr 06, 2021, 06:12 PM IST
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Synopsis
It can be noted that typically, a lot of multinationals deploy staff in India to carry out critical back-office work on processes from India because of the cost advantage.
PTI
Bank of America (BofA) has added around 3,000 more jobs in India during the pandemic, and the country has outshone the world because of its ability to thrive in chaos, a top official said. The pandemic presented a chance to take leadership roles, as there were no business continuity plans (BCP) prepared for a scenario where the entire world gets locked in, the US-headquartered financial institution s country head for India, Kaku Nakhate said speaking at an event hosted by CII. ....

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Datamatics recognized as Leader in Global Outsourcing Service Providers


Datamatics Global Services has been recognized as a Leader in The Best of the World s Best Outsourcing Advisors (WBOA) by the International Association of Outsourcing Professionals (IAOP).
The 2021 Global Outsourcing 100 is determined through a rigorous scoring methodology that includes a review by an independent panel of IAOP customer members who have extensive experience in selecting outsourcing service providers and advisors for their organizations.
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