Forrester Research predicts that Europe will lose a cumulative 1.2 million jobs to offshore locations by 2015. The analysts expect the U.K. to take the lion’s share of the impact. In addition, the analysts expect financial firms to move most aggressively offshore, and computing and clerical staff will suffer most. Free news analysis.
According to the Forrester Quick Take, Two-Speed Europe: Why 1 Million Jobs Will Move Offshore, as European firms ramp up their spending with offshore service providers in countries like India, they will increasingly displace substantial numbers of employees from their current roles. Forrester says protectionist measures will fail, as inventive companies use stealth tactics to avoid the barriers put in their way.
Forrester also points out that countries avoiding outsourcing may suffer even more than those pursuing it. For example, the European countries that use offshore services least will miss out on the economic boosts of offshore efficiencies.
This Quick Take is available free of charge at the Forrester site for a limited time. Guest registration may be required.
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