Infosys RBS contract loss will impact 3,000 employees

The Royal Bank of Scotland (RBS) has cancelled a major contract that will impact as many as 3,000 of Infosys's employees and impact revenues by about $40 million over the next six months. The cancellation came following RBS's decision to abandon its plan to float a separate standalone UK bank - Williams & Glyn (W&G). RBS had awarded a five-year 300-million euro IT contract to Infosys and IBM for W&G. The major portion of that, may be as much as $200 million, was to go to Infosys.

Read more at: http://timesofindia.indiatimes.com/tech/tech-news/Infosys-RBS-contract-l...

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