Deutsche Bank dismisses IT jobs report

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. ®