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Old 16.07.2011, 12:19
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IT Jobs at UBS being offshored?

Hi there, since from time to time I like to browse their web site, just to find out what's going on there; I see now that there are very few IT jobs advertised for zürcher locations, and if I'm not wrong some jobs, looking at their jobs page, have been moved from zh to "offshore" locations like London(yeah, it's now sort of off-shore, due to low salaries -) or Sing/ HK. Any insights?

Cheers
Nick
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Old 16.07.2011, 13:03
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Re: IT Jobs at UBS being offshored?

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Hi there, since from time to time I like to browse their web site, just to find out what's going on there; I see now that there are very few IT jobs advertised for zürcher locations, and if I'm not wrong some jobs, looking at their jobs page, have been moved from zh to "offshore" locations like London(yeah, it's now sort of off-shore, due to low salaries -) or Sing/ HK. Any insights?

Cheers
Nick
Can confirm, Dutch guy has just joined the bank I am working at from being a permie at UBS, he was there five years, complete department of 100 being offshored.

It is everywhere, even the bank I am working at talking about outsource/offshore driving down costs etc.

Good luck.
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Old 19.07.2011, 08:20
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Re: IT Jobs at UBS being offshored?

that is the trend now. here in the Philippines, a lot of BPO company that provides services, such as Technical Support for Products, Infrastructure support for IT, even accounting. Call centers and etc.

SG and HK even IN are just front to the big business and they outsourced their human resources here on the Philippines. all the dirty job ( Working at night, Holiday even Christmas and New Year, or your birthday).
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Old 19.07.2011, 09:31
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Yup. Currently work at UBS, 75% of our development team was off shored to India.
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Old 19.07.2011, 10:03
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Re: IT Jobs at UBS being offshored?

Place I'm working at has outsourced nearly all their IT to India.

Well, to an Indian company, which has hired me and others to work in Basel. So all is not lost - these places still need a local presence.
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Old 19.07.2011, 10:24
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Re: IT Jobs at UBS being offshored?

Data can't leave CH...
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Old 19.07.2011, 10:28
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Re: IT Jobs at UBS being offshored?

Depends if it ever entered CH in the first place (in my particular company it's hosted outside CH). Plus, the IT staff don't need to be near the data repository anyway.
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Old 19.07.2011, 22:44
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Re: IT Jobs at UBS being offshored?

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Depends if it ever entered CH in the first place (in my particular company it's hosted outside CH). Plus, the IT staff don't need to be near the data repository anyway.
Hmm, don't tell me... infosys?
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Old 19.07.2011, 23:09
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Re: IT Jobs at UBS being offshored?

why were these IT jobs in switzerland to begin with? doesn't sound like the first choice for an IT location...
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Old 19.07.2011, 23:16
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Re: IT Jobs at UBS being offshored?

Is actually anyone on here reading the news? UBS is about to downsize 5000 jobs (!). It is the most natural thing to stop hiring and first try to put the existing employees on the free jobs... (CS is btw downsizing 1000 jobs).

Nothing to do with India or outsourcing at all.

http://www.reuters.com/article/2011/...76D0WD20110714
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Old 19.07.2011, 23:20
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Re: IT Jobs at UBS being offshored?

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why were these IT jobs in switzerland to begin with? doesn't sound like the first choice for an IT location...
I can't believe it's the first choice for anything right now. There are even better tax havens. It's just so expensive.
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Old 21.07.2011, 22:11
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Re: IT Jobs at UBS being offshored?

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I can't believe it's the first choice for anything right now. There are even better tax havens. It's just so expensive.
I think the rise of the CHF is gonna damage CH rather than benefit it, think tourism, exports, products, services,....etc.

I don't blame a company on outsourcing as i find it ridiculous to pay such money for what can be done much better for much less and i think companies are heading this direction as it's part of the CH's recent political campaigns which started striking a few years ago and targeting foreigners / expats
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Old 22.07.2011, 00:49
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Re: IT Jobs at UBS being offshored?

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Place I'm working at has outsourced nearly all their IT to India.

Well, to an Indian company, which has hired me and others to work in Basel. So all is not lost - these places still need a local presence.
It is a chain!!
Outsource Indian IT companies I work with are now out sourcing to China & the Chinese are in turn outsourcing to Vietnam.

Moral is do not send your kids into IT!
Send them into something that requires personal face to face contact like doctors.
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Old 22.07.2011, 01:02
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Re: IT Jobs at UBS being offshored?

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It is a chain!!
Outsource Indian IT companies I work with are now out sourcing to China & the Chinese are in turn outsourcing to Vietnam.

Moral is do not send your kids into IT!
Send them into something that requires personal face to face contact like doctors.
Western IT professionals have nothing to fear from outsourcing.
Anybody with experiences of these centres knows too well how uncreative, inexperienced and untrustworthy these places are. Do not forget the European Data Protection Acts, confidential information remains firmly within Europe and under the supervision of professionals , I fear nothing from Cottage Worker Code Monkeys.

Quality and Service are Western European domains. Take note that the outsourcing trend is reversing, the Swiss will soon follow for obvious reasons.

Last edited by Upthehatters2008; 22.07.2011 at 01:24.
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Old 22.07.2011, 01:15
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Re: IT Jobs at UBS being offshored?

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Western IT professionals have nothing to fear from outsourcing.
Anybody with experiences of these centres knows too well how uncreative, inexperienced and untrustworthy these places are. Do not forget the European Data Protection Acts, confidential information remains firmly within Europe and the supervision of professionals , I fear nothing from Cottage Worker Code Monkeys.

Quality and Service are Western European domains. Take note that the outsourcing trend is reversing, the Swiss will soon follow for obvious reasons.
All true but do the decision makers recognise this? No, they will make short term decisions & ignore reality.
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Old 22.07.2011, 01:22
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Re: IT Jobs at UBS being offshored?

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All true but do the decision makers recognise this? No, they will make short term decisions & ignore reality.
...and then the bean counters will eventually realise that this faux cost saving measure is actually detrimental to the business. I have been in this game too long, and seen the disasters that outsourcing projects become.

I had the pleasure the other day of someone who could barely speak English, read from a computer screen and ask me how Eastenders was doing and did I bring my brolly to work today. Code bots...
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Old 22.07.2011, 01:25
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Re: IT Jobs at UBS being offshored?

so.. should I apply at banks or not, then??....
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Old 22.07.2011, 01:28
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Re: IT Jobs at UBS being offshored?

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so.. should I apply at banks or not, then??....

After having met you, I do not feel you meet the entry criteria for a Wunch of Bankers. Have you tried plumbing ?
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Old 22.07.2011, 01:46
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Re: IT Jobs at UBS being offshored?

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After having met you, I do not feel you meet the entry criteria for a Wunch of Bankers. Have you tried plumbing ?
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Old 22.07.2011, 01:47
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Re: IT Jobs at UBS being offshored?

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Dude, upgrade your GPU, 4 bit colour is so 80's...
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