TCS to absorb 80 RR Donnelly staff

• Around 80 employees working with the India unit of Chicago-based RR Donnelley & Sons will join the rolls of the country’s largest software exporter, Tata Consultancy Services, from June 1.
• Both RR Donnelley and the back-office unit of TCS provide third party transaction processing services to a US-based financial services company. The US firm has embarked on a vendor consolidation drive, as a result of which it has decided to move some of the BPO assignments from RR Donnelley to TCS.
• Most of the 80 employees that would be displaced as a result of this exercise would be absorbed in TCS centres in Chennai.