Global-O&O

SOURCE: Business Standard
DATE: April 29th, 2008
ARTICLE 

Mindtree Consulting and Satyam Computer Services have together won a three-year IT outsourcing deal from ArcelorMittal, the world’s largest steel making company. The contract is a part of the steel giant’s efforts to consolidate its western European IT work.

Mindtree, which has bagged a majority share of the contract, will work in partnership with European Sopra Group, an incumbent provider to ArcelorMittal. It will consolidate current sub-contracted activities with the objective to increase cost efficiency, flexibility and service levels.

Close to 350 people will be deployed by the two Indian companies for these operations. The framework agreements are valid till 2011-end.

ArcelorMittal said in a statement that there would be no direct job cuts in the steel behemoth as a result of the initiative. It explained that the initiative would allow its IT employees to focus on high-value addition activities.

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