US Anti-outsourcing Efforts Expected to Intensify
by: Sarah Joson
Monday, February 20, 2012
According to Pasig City Rep. and House Deputy Majority Leader Roman Romulo, anti-outsourcing efforts will intensify as US politicians are aiming to get more sentiments from voters. He adds that the phenomenon is just a political ploy for the November elections and that the Bishop bill is not a threat to the constantly growing business process outsourcing (BPO) industry of the Philippines.
The Bishop bill is the proposed US Call Center and Consumer Protection Act by New York Rep. Tim Bishop. It will affect US businesses that are moving jobs overseas. If the bill is sanctioned, the firms will be disqualified from loans and grants, and would have to abide by new contact center protocols.
Romulo is a known supporter of the country’s outsourcing industry which is expected to employ 1.3 million Filipinos and post $25 billion in revenues by 2016. He noted that it is an advantage for US firms that they are able to procure more affordable non-core services such as call center processes from countries like the Philippines. He added that those with outsourcing operations in the country are likely to be returning profits to their respective companies in the US. He also noted that without the cost-saving feature of outsourcing, prominent financial institutions would probably cut more jobs as the economy is deteriorating.
Source:
http://www.abs-cbnnews.com/
The Bishop bill is the proposed US Call Center and Consumer Protection Act by New York Rep. Tim Bishop. It will affect US businesses that are moving jobs overseas. If the bill is sanctioned, the firms will be disqualified from loans and grants, and would have to abide by new contact center protocols.
Romulo is a known supporter of the country’s outsourcing industry which is expected to employ 1.3 million Filipinos and post $25 billion in revenues by 2016. He noted that it is an advantage for US firms that they are able to procure more affordable non-core services such as call center processes from countries like the Philippines. He added that those with outsourcing operations in the country are likely to be returning profits to their respective companies in the US. He also noted that without the cost-saving feature of outsourcing, prominent financial institutions would probably cut more jobs as the economy is deteriorating.
Source:
http://www.abs-cbnnews.com/
