Offshoring Hits Europe

Attention, European white-collar workers: Your job could be next. By 2008, Deloitte Research estimates, more than 800,000 financial-services and high-tech jobs will migrate from Western Europe to cheaper labor markets -- principally India, but also Eastern Europe, China, and even Africa and Latin America. Technology Partners International, a Texas firm that helps broker outsourcing contracts, says deals by European companies jumped from 16% of the worldwide total in 2002 to 26% last year. The volume of European deals this year, the firm predicts, could match those from the Americas.

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