New Delhi, Apr 28 (UNI) To improve the cost-effectiveness and flexibility of its IT division, ArcelorMittal today said it has undertaken a detailed review of its IT subcontracting activities in Western Europe and is moving towards a more global IT supply model.
This includes efforts to consolidate sub-contractors activities, currently provided by a multitude of vendors, with two global IT providers.
The world's largest steel company said in a statement that after an in-depth evaluation process, the decision has been made to formalise Framework Agreements, which are valid till 2011, with Satyam Computer Services and Mindtree Ltd, who will deliver services in combination with their European partners for this work.
Specifics of the services to be provided by these companies will be further defined following discussions with key stakeholders, it added.
It is expected that about 70 per cent of the currently subcontracted activities in the scope of this initiative will be carried out by the new vendors, allowing internal ArcelorMittal IT employees to focus on high value adding activities.
There will be no direct ArcelorMittal job losses as a result of this initiative, the statement said.
UNI SBA SR HT1610