Friday, December 23, 2005

Unilever Signs 7-Year IBM Outsourcing Deal

A Reuters newswire article, via Yahoo! News, reports that:

Anglo-Dutch consumer products group Unilever Plc said on Friday it has signed an outsourcing contract with IBM, the world's biggest computer company, that will lead to several hundred job cuts.

Financial terms were not disclosed although Unilever said cost savings under the 7-year outsourcing contract would contribute to a targeted 700 million euros ($831.4 million) of annual savings.

Unilever said IBM would provide a number of financial services from IBM centers in Portugal, Poland and India.

Around Unilever 750 jobs are likely to be affected.


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