Feeds

Deutsche Bank dismisses IT jobs report

'Speculative'

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

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. ®

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.