AIG sells outsourced I.T. unit to another American corporation's offshore outsourced I.T. unit
Submitted by admin on Thu, 08/13/2009 - 22:26
What's wrong with this picture? AIG is trying to sell of parts of it's companies due to their implosion in the financial crisis.
So, AIG s their I.T. company, based in India, to Hewlett Packard, also based in India.
Of course no one could contemplate bringing those jobs back to the United States now.
The battered insurance giant will sell its AIG Systems Solutions Pvt. Ltd., an India-based company that provides information technology services to AIG companies around the world, to MphasiS, of Chennai, India.
MphasiS, a unit of Hewlett Packard's Electronic Data Systems, said about 39 percent of its revenue comes from financial services and insurance companies.
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