Feeds

Deutsche Bank dismisses IT jobs report

'Speculative'

  • alert
  • submit to reddit

Seven Steps to Software Security

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. ®

Boost IT visibility and business value

More from The Register

next story
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
Big Blue Apple: IBM to sell iPads, iPhones to enterprises
iOS/2 gear loaded with apps for big biz ... uh oh BlackBerry
Price cuts, new features coming for Office 365 small biz customers
New plans for companies with up to 300 staff to launch in fall
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Mobile application security vulnerability report
The alarming realities regarding the sheer number of applications vulnerable to attack, and the most common and easily addressable vulnerability errors.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.