outsourcing

Telstra's (ASX:TLS) cost-saving measures will send 300 jobs to India under its Project New efficiency program.

IT services suppliers from India would take over the tasks of more than 100 agency providers and about 160 of Telstra's own staff. Mainly administrative jobs in Melbourne, Sydney, Perth, Adelaide and Brisbane are going to be outsourced.

Banking giants ANZ Bank (ASX:ANZ) and Westpac (ASX:WBC) are getting ready to shift jobs to Asia in a cost-cutting effort. Up to 250 jobs may be affected in the move to boost profit growth. ANZ plans to move around 100 jobs while Westpac could send 150 positions abroad.

Fortescue Metals' (ASX:FMG) ignores a motion to stop the company from outsourcing its sub-editing work. The Greens motion was passed in the NSW Upper house today, calling on Fairfax to abandon its plans that lead to 82 job cuts.

"We're a public company and we will make our own decisions as to how we run our business," Fairfax Media’s general manager of investor relations, Frank Sufferini said. "(The decision) has been made and it's not going to be changed."