Australia's offshoring push to India gains momentum

07.06.2006

The FSU believes offshoring is the biggest threat to members' jobs in the near term.

National Australia Bank is also undertaking pilots.

The only bank that hasn't taken steps down the offshoring path is the Commonwealth Bank of Australia.

IBM's revenue from the Indian market grew 55 percent last year and 61 percent in the first quarter of this year, as a number of large Indian companies adopted outsourcing as a business strategy.