European Shared Services and Outsourcing Week
BERLIN AND AMSTERDAM, May 6 /CNW/ - On May 1, Germany's labor market
opened its doors to the eight eastern European countries that joined
the European Union in 2004. This will further boost the
internationalization of Germany's labor force, which makes the country
even more attractive for international business service providers. With
increased investor interest in Germany, Germany Trade & Invest will
have representatives at this year's European Shared Services and
Outsourcing Week in Amsterdam, The Netherlands from May 9-11.
"Germany offers great opportunities for companies to streamline back-end
business processes. Ingenuity and efficiency are the norm in Germany
and our workforce is extremely well educated and international. This
makes it easy to serve the entire European market from one location,"
states Dr. Josefine Dutschmann, business services expert at Germany
Trade & Invest.
Germany's business process outsourcing and shared service center
(BPO-SSC) market has grown in recent years. Conservative estimates
expect a market volume of EUR 32 billion in 2010. Flanking this growth
are stable labor costs and a first-rate telecommunications and
transportation infrastructure, which was ranked first worldwide in 2010
by the World Economic Forum.
As Europe's largest market, Germany is an attractive location to serve
local clients. At the same time, the central location in Europe makes
Germany ideal to serve the entire continent. Market entry conditions
are also attractive, as the BPO market is not dominated by any single
player. The top 20 BPO providers claim less than 30 percent of total
At this year's Shared Services and Outsourcing Week, Germany Trade &
Invest will present the Excellence in Value Creation Award to an
outstanding company in this industry.
Germany Trade & Invest is the foreign trade and inward investment
promotion agency of the Federal Republic of Germany. The organization
advises foreign companies looking to expand their business activities
in the German market. It provides information on foreign trade to
German companies that seek to enter foreign markets.
SOURCE Germany Trade and Invest
For further information:
Germany Trade & Invest