Information Technology businesses are saving billions of dollars by outsourcing their jobs to countries like India and Philippines whose wages are significantly lower than those in the U.S. Kroger is also planning to outsource a large number of jobs and refuses to guarantee the remaining beyond 2007...
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Motorola is another company planning on outsourcing after reporting disappointing fourth quarter earnings. Motorola made the decision to cut 3,500 jobs bringing the total of eliminated jobs companywide since December to 22,000. Intel has also recently announced plans to reduce 10,000 jobs in September 2006 and plans to build a new plant in China (CNN Money)...
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