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Financial Service Company Plans Transfer Indiana Jobs to India.
Byline: Chris O'Malley
Apr. 20--From 800 to 1,000 jobs will disappear from Conseco's Carmel-based operations over the next 21 months as the company shifts work to operations in India, the financial services giant confirmed Thursday.
All told, about 2,000 jobs nationwide are expected to move to India, where labor is cheaper, by the end of 2002.
In addition, Conseco plans to eliminate 1,000 of its 14,300 U.S. jobs as it streamlines its operations in an attempt to cut $100 million in costs.
That move likely will be a further blow to its 3,300-person local work force. The company couldn't say Thursday how many of those 1,000 job cuts will involve Carmel workers, but some local jobs are virtually certain to be lost because the company said all of its units will come under scrutiny.
Conseco …
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