Lufthansa Signs $1.25 Billion Outsourcing Deal With IBM

http://feedproxy.google.com/~r/TheMoneyGame/~3/jIr6lxgREP4/r-lufthansa-signs-125-billion-outsourcing-deal-with-ibm–2014-11

BERLIN (Reuters) – IBM has won an outsourcing contract from Germany’s Lufthansa worth 1 billion euros ($1.25 billion) that will see the U.S. company take over the airline’s information technology infrastructure services division and staff. The move is part of plans by Lufthansa to restructure and cut costs as it seeks to compete with fast-growing rivals in both Europe and the Gulf.