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RBS decision on W&G affects Infosys

image011Royal Bank of Scotland’s decision to drop the project of hiving off Williams & Glyn as a separate bank has impacted Indian software major Infosys. The company was engaged by RBS as a key technology partner for the project. Infosys said in a media statement that the Royal Bank of Scotland has announced that it will no longer pursue its plan to separate and list a new UK standalone bank, Williams & Glyn, and instead will pursue other options for the divestment of this business. Infosys has been a W&G program technology partner for consulting, application delivery and testing services, and subsequent to this decision, will carry out an orderly ramp-down of about 3000 persons, primarily in India, over the next few months, it added

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