Wipro has secured 5-year outsourcing deal worth $143 million from Levi Strauss as the US-based denim apparel maker looks to cut 500 jobs in a restructuring exercise. Wipro will provide support for certain business services within information technology, finance, human resources, customer service and consumer relations.
The restructuring, first announced in March 2014, is expected to generate net annualized cost savings of $175-200 million for Levi Strauss once fully implemented.
Wipro is a leading provider of analytics and information management solutions - enabling customers to derive actionable business insights from data to drive growth, enhance cost management and strengthen risk management.
