They Say These Jobs Are Going Boys & They Ain't Coming Back
Wake up white collar people! Overseas "outsourcing" is becoming increasingly common:
During the quarter, ADC eliminated 300 additional jobs, dropping its total to 5,800 employees. The company has cut about 17,000 jobs in the past three years. ADC also broadly hinted that it is poised to shed more jobs by transferring work to a subsidiary, ADC India.
A former employee of ADC's finance department said Wednesday the firm is preparing to lay off the 14 remaining members of that department in December and shift those jobs to ADC India, a move that may signal a trend.
Switz said ADC has considered outsourcing to India some of its "back office operations," such as accounting, some information technology functions and other jobs that fall in the category of operating expenses. He said a $45,000 employee in Eden Prairie could be replaced with a counterpart in India who would earn $2,000 to $5,000 a year.
Switz declined to comment on the former employee's allegations that ADC soon will begin outsourcing to its Indian subsidiary its accounts payable, credit collection, cash application (crediting payments to proper customer accounts), fixed asset accounting and travel and entertainment reimbursement operations.
But, Switz said, "It's fair to say that all those categories qualify as back office operations."
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