Nearly 2,000 Lloyds bank IT jobs set to move to IBM in £1.3bn outsourcing deal – Online Trends news – NewsLocker

IBM has only guaranteed to keep the existing jobs for a minimum period of time and plans for most of the work to be carried out by staff based offshore. BENGALURU: Almost 500 IT jobs outsourced by Lloyds Bank to IBM is expected to come to India. The British bank is outsourcing large parts of its IT.

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Almost 2,000 Lloyds IT jobs to go as data centre services move offshore Project Aurora will see data centre operations roles moved to IBM, then offshore Lloyds cuts more IT jobs

U.K.-based lloyds banking group plans to move almost 2,000 staff members to IBM as part of a 1.3 ($1.59) billion, seven year IT outsourcing deal, the Lloyds Trade Union announced this week. Staff will be outsourced to IBM, and then over a four-year period the work will be "offshored," The Stack reports .

Lloyds bank staff will move to IBM in outsourcing deal About 1,500 IT staff at Lloyds Banking Group will join IBM as part of an IT infrastructure outsourcing agreement Share this item with your.

Lloyds (NYSE:LYG) is set to agree a 1.3B contract with IBM to outsource many of its computer systems and shift more than 1,900 jobs to the IT services provider. The deal, which will see most of.

13 march 2017. lloyds banking group is planning to outsource large parts of its IT estate and transfer 1900 staff to IBM in a deal worth 1.3 billion over seven years. The agreement will see 2000 of the bank’s 3200 applications running across Windows, Unix, Linux and IBM I-Series platform outsourced to Big Blue.

Following nearly two years of preparation and three years of execution, Lloyds Banking Group is finally able to report on the results of its journey to build a new payments hub with IBM. The first two years were the toughest ones, Russell Saunders, MD of global payments at the bank, told the audience at Sibos, but now the platform is up and.

Lloyds Banking Group is to offshore nearly 2,000 IT jobs as part of its shift to IBM, according to the Lloyds Trade Union. In a recent presentation, Morteza Mahjour, the group’s Chief Information Officer, confirmed that Lloyds will outsource large parts of its IT estate to IBM in a deal worth 1.3bn over seven years, the union said in a newsletter.

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