Feeds

Deutsche Bank dismisses IT jobs report

'Speculative'

  • alert
  • submit to reddit

New hybrid storage solutions

Deutsche Bank has issued a statement, denying a Die Welt report that it plans to outsource 5,500 IT jobs worldwide. "Speculative", "no concrete figures", "theoretical figures", "misinterpreted" are some of the terms it uses to describe the article.

In other words Die Welt, presumably the unsourced basis for yesterday's FT report (upon which we based this story 5,500 IT jobs hang in the balance at Deutsche Bank) has obtained some confidential planning documents dating back to 2002. If the bank was considering more IT outsourcing and relocation then, it sure as hell is considering more IT outsourcing and relocation now.

Here is the DB statement in full:

In its July 28 edition, the German daily, "Die Welt", reports on discussions at Deutsche Bank to outsource 5,500 jobs worldwide from its Global Technology and Operations sector (GTO). According to the paper, "up to 5,500 jobs are either to be farmed out to external service providers or relocated to low-wage countries."

The figures quoted in this report are speculative. There is no factual basis for such decision on this matter and there are no concrete figures.

Die Welt has evidently been sent documentation dating from the year 2002 that mentions the number of jobs that theoretically could be affected by outsourcing strategies or relocation. It has obviously misinterpreted this data. It is important to note that numbers mentioned in the slide are based on theoretical scenarios arising from possible outsourcing strategies and the relocation of work processes based on market trends prevailing at the time.

Deutsche Bank's outsourcing of its IT-infrastructure to IBM, and HR Systems (software development) to Accenture are examples of its overall outsourcing strategy..

Good luck, DB coders and sysadmins. ®

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.