August 17, 2016 5:51 pm | Updated 2 months ago.
Recently the Ontario Teachers’ Pension Plan is coming under heavy criticism for a decision to outsource 108 IT jobs to TCS. More specifically, this plan will result in outsourcing of 12 management roles, 61 contract jobs and 35 bargaining unit positions to Tata Consultancy Services Ltd. All these roles are a part of Ontario Teachers’ enterprise technology service division that manages and oversees the data management and security. Out of all these, some will move to Tata’s Ontario facility, some will remain at Ontario Teachers’ offices while the rest will be sent to India.
Deborah Allan, vice-president of communications and media relations at the Ontario Teachers’ plan says, “The main reasons behind the move are access to best practices, innovation, and enhanced delivery capability”.
He further added, “The competitive nature of the investment environment is accelerating. We’re dealing with competition in a global environment and we have to be able to respond quickly. So really, this is a move to rapidly advance in both our IT and some of our service delivery functions capabilities.”
Meanwhile, in early August, the Ontario Teachers’ Federation, which is one of the pension’s plan sponsors, wrote to Ron Mock, Ontario Teachers’ chief executive officer and president expressing their “register our disapproval” of the outsourcing plan.
Date of publication: 16 / 08 / 2016