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Personnel Today

Bank of Scotland cashes in on outsourcing trend

by Personnel Today 3 Oct 2000
by Personnel Today 3 Oct 2000

Outsourcing deals by Bank of Scotland mean hundreds of staff will be doing the same job but for a different employer by the end of the year.

Peter Cabrelli, HR chief executive, said the outsourcing was part of a trend to buy in non-banking services. He said he expected more outsourcing in 2001 with HR also due to be involved.

Cabrelli said there were no formal plans at this stage for the bank’s HR operation. But he added, “We already outsource functions such as payroll, and my view is that if it’s not strategic or value added then we don’t need to be doing it ourselves.”

He said the latest outsourcing of IT and other staff had seen the HR department involved in consultation and transferring staff under Tupe.

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The bank’s interim results report shows 5 per cent of the 22,000-strong workforce will either be working for other employers, taking early severance or moving to different jobs within the company by 2001.

The internal transfers and severance arrangements will apply to 90 staff facing compulsory redundancy in the company’s Welsh operations. The remainder will continue their current jobs for a new employer as a result of the outsourcing agreements.

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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