MANILA, Philippines -- Outsourcing firm Logica is looking to grow its operations in the Philippines due to ongoing cost-cutting measures in its businesses in Europe.
Since setting up about a year ago, Logica's local office now employs 240 workers with plans to increase by three or four times in size, according to Neil Elias, country director for Logica Philippines.
Logica caters largely toward European markets, providing IT services and more recently, ramping up its business process outsourcing (BPO) business.
Its local office, located in Makati City, provides both types of services, including SAP support and HR/payroll administration.
Formerly called LogicaCMG, the company acquired in 2006 French company Unilog and Sweden-based WM-data, resulting in the name change and integration of different European units into a single brand.
Earlier this year, Logica CEO Andy Green announced a restructuring program aimed at generating 80 million euros in cost-savings by 2010. Part of that plan is to migrate some of the company's operations offshore, Elias said in an interview with INQUIRER.net.
"The goal is to cut down on pure administrative costs and reduce redundancies in the company's business in Europe," he said.
Logica has set up offshore operations in India and the Philippines, wherein Elias expects most of that migration to take place.