UK supermarket group Morrisons plans to outsource the management of its financial transaction processing services to Indian firm Wipro, putting 165 jobs on the line.

The company said that the move is “consistent” with its approach to focus its food business and insisted that it works with “many third party companies” to provide support functions.

Morrisons said that the dedcision would see 165 roles moving to the Bangalore-based IT services group. Around 20 of these positions will be locally based, Morrisons added.

A spokesperson for the company told just-food that the move was “about effectiveness and efficiency”, but declined to provide details on the cost savings it is expected to generate.

Morrisons has begun employee consultations and the group emphasised that it will “retain and redeploy” workers where possible.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.