Global information firm Reuters has announced the launch of the company’s data operations centre in India. The centre, which will be function out of Bangalore, will handle critical operations to support the world-wide data operations of Reuters, according to Reuters South Asia human resource manager Anand Sudhakar Khare.
Addressing the media, Mr Khare said that the company was planning to hire 350 professionals in the city during 2004, later scaling up the strength to 600 by the end of 2005.
Reuters is planning to shift around 150 jobs from its New York and UK operations to support Bangalore centre operations, while the remaining staff would be hired, for round the clock operations during five days a week, he said.
Bangalore centre will save the company nearly 60 per cent on cost of operations, compared to work done out of New York and Europe centres, said Reuters global head of data operations, Justin Abel. He said, “The savings will depend on the kind of work being done out of Bangalore. The Bangalore centre will not be a revenue generation operation. It will not handle back office operations, but front office, critical operations for the company, such as information processing for our information analysts abroad.” Reuters employs nearly 3,400 people, including editorial staff, across three similar centres in Sydney, Singapore and Tokyo.