Embattled Europe is now a fan of offshoring

What on earth is going on in Europe? Countries such as Germany and France who have staunchly resisted sending jobs overseas are suddenly capitulating—at least as far as the IT and software sector is concerned. "European companies are now more amenable to offshoring because they are realizing that it is the only way for them to get efficiency,” says V Balakrishnan, CFO and member of the board, Infosys.

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