Outokumpu outsources IT services to Wipro

BANGALORE: Finnish stainless steel major Outokumpu said it will outsource IT services to Wipro as part of efficiency and cost saving measures.

Outokumpu has signed an agreement with Wipro for applications maintenance and development of legacy applications across various countries, the Finland-based company said.

It said about 90 employees globally are expected to be transferred from Outokumpu IT to Wipro, initially continuing at their current locations with roles and tasks that remain largely unchanged.

The multi-year contract is geared towards bringing cost inefficiencies and enabling enhanced optimisation of applications within Human Resources, Finance, procurement, market and business intelligence and communications, supply chain, production and R & D and Integration, it said in a release.

Outokumpu employs more than 12,000 professionals in more than 30 countries, with headquarters in Espoo, Finland.