17 October 2017
Register now

Deutsche Bank to outsource half of IT staff - FT

29 July 2003  |  28745 views  |  0 Deutsch Bank

Deutsche Bank is considering outsourcing up to half of its IT staff, or shifting their positions abroad, according to a report in the Financial Times.

The newspaper cites bank insiders who claim the idea is at an early stage but could be implemented over the next 18 months. It says up to 5500 jobs could be affected.

In December, Deutsche signed a ten-year EUR2.5 billion contract with IBM for management of IT resources across Europe.

The German bank is also looking at outsourcing its procurement operations worldwide under a EUR700 million cost-cutting drive. The FT says the bank will confirm Accenture as its main procurement contractor in the next few days.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Goldman Sachs offshore outsourcing plans provoke union anger

Goldman Sachs offshore outsourcing plans provoke union anger

25 July 2003  |  8798 views  |  0 comments
Fund managers say no to outsourcing as IT budgets stay flat

Fund managers say no to outsourcing as IT budgets stay flat

16 July 2003  |  6216 views  |  0 comments
BCP outsources IT infrastructure to IBM

BCP outsources IT infrastructure to IBM

04 July 2003  |  3811 views  |  0 comments
Computacenter reports HBOS, Abbey outsourcing deals

Computacenter reports HBOS, Abbey outsourcing deals

02 July 2003  |  9044 views  |  0 comments
Deutsche Bank delivers remote systems access with WholeSecurity

Deutsche Bank delivers remote systems access with WholeSecurity

01 July 2003  |  4617 views  |  0 comments
Deutsche Bank licenses ACI software for Italian card business

Deutsche Bank licenses ACI software for Italian card business

26 June 2003  |  3571 views  |  0 comments
$240 million European offshore outsourcing opportunity

$240 million European offshore outsourcing opportunity

20 June 2003  |  4442 views  |  0 comments
Barclays outsources desktop technology to EDS

Barclays outsources desktop technology to EDS

04 June 2003  |  6341 views  |  0 comments | 1 linkedin
IT outsourcing and BPO fastest growing lines in financial services

IT outsourcing and BPO fastest growing lines in financial services

30 May 2003  |  8874 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.vasco.comvisit www.temenos.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15017 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8256 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7712 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7079 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6263 views comments | 8 tweets | 16 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job