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December 9, 2010 | 
Big names in the global Business Process Outsourcing (BPO) and Information Technology (IT) are expected to build new facilities employ at least 8,000 people in Cebu, Philippines.
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Finance giant JP Morgan, which has now over 600 employees in Cebu, expressed interest to increase its human resources to 2,000 by next year.
Solutions company Accenture has recently inaugurated its second facility in Cebu at the Cybergate building in Fuente Osmeña.
Business leader IBM, which has an existing outsourcing here, will also expand its manpower-based by next year.
Dell, HP and Floor Daniels are the new big names that will add to the BPO and IT sector in Cebu, strengthening the province’s capability to host “five-star” BPO and IT investors.
Cebu’s BPO industry expects more big names to look at Cebu as a off-shore services destination. Cebu is bound to attract big ticket investments in the BPO and IT investments.
Early this December 2010, global outsourcing and investment advisory firm-Tholons, declared Cebu as the number eight “Emerged” BPO investment destination in the world. The Tholons list of top outsourcing cities of 2010 aslo listed Cebu as ninth.
In 2008 and 2009, Cebu ranked first in the list of emerging cities for outsourcing.
In 2007, it was ranked fourth while in 2006, it was merely included in the list of emerging cities.
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References:
- Dagooc, Ehda. “Big ticket BPO firms to employ 8,000” 6 December 2010. The Freeman. Accessed 7 December 2010. Link Here.
- Aznar, Mia. “Large firms to expand to Cebu.” 6 December 2010. The Sun Star-Cebu. Accessed 7 December 2010. Link Here.
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