Feeds

Deutsche Bank dismisses IT jobs report

'Speculative'

  • alert
  • submit to reddit

Top three mobile application threats

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. ®

3 Big data security analytics techniques

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.