TCS signs $65 mn deal with Somerfield

By : |November 30, 2006 0

MUMBAI  – Tata Consultancy Services Ltd., India’s top software services exporter, said on Wednesday it had signed a seven-year, $65 million IT services deal with British retailer Somerfield.

TCS said it would take over the entire IT operations, asset management and planning for Somerfield. As a result, 115 employees of the British company would be made redundant.

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"This is the first full services contract win for any Indian company outside of India," Phiroz Vandrevala, global head of corporate services at TCS, said in a statement.

TCS said it had about 3,000 people working in some 50 locations in Britain and another 900 at its site in Peterborough, but it still had 150-200 vacancies.

"The affected employees will be actively considered across the 150-200 vacancies in TCS operations in the U.K.," the firm’s senior general manager for corporate communications, Pradipta Bagchi, said.

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