Oct 3, 2003

Outsourcing seen in a key role in restructuring of German banks

Consultant - News.com reports: "A joint study by Accenture and the International Bankers' Forum has conclude that outsourcing will play a key role in the restructuring of German banks, as they look to save costs and concentrate on core activities.

In the course of the study, 124 managers and sector experts were questioned on their views of outsourcing. 21 per cent expected to be outsourcing work in the near future, while 51 per cent already had. The authors of the study expect outsourcing to retain its importance for the sector in the longer term, in addition to providing short-term solutions. "

Sometimes cost cutting, sometime strategic...Outsourcing is many things to similar people ;-)