Listed business process outsourcing (BPO) firm Paxys Inc. has announced plans to sell off for a significant premium all of its business in Australia, representing about two-thirds of the company’s assets.
Fear of an outsourcing backlash in the United States became more pronounced last week with President Obama’s state of the nation address.
The recent pronouncement by US President Barack Obama to bring outsourcing jobs back to the US highlights the dangers of relying on business process outsourcing (BPO), and on foreign economies in general, for Filipino jobs. Even if it is still unclear if Obama’s proposed “insourcing” legislation will pass, the vulnerability of the sector and the government’s misplaced attention to this is increasingly apparent.
While many continue to seek greener pastures abroad, some overseas Filipino workers (OFWs) are going against the tide to take up job offers at home.
The Philippines can expect more Canadian firms to outsource their high-value business process outsourcing (BPO) requirements here, considering the good experience of Canadian firms that have already done the move.
An international migrants’ rights group urged overseas Filipino workers on Saturday to boycott Philippine Airlines and support its ground crew union in its ongoing dispute with the airline’s management.
