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Fairfax, Virgin look to outsource finance teams

Fairfax, Virgin look to outsource finance teams

28 Apr 2015 | The Australian Financial Review

Offshoring plans under consideration at Virgin Australia and Fairfax Media could affect up to 250 finance and accounting jobs within the two companies.

Mohit Sharma, who is the Director of Sydney-based outsourcing advisory firm Mindfields stated that rising costs and the chance of vendors collapsing has made carve outs like the one Virgin is contemplating quite risky. He believes such deals are only sustainable where a corporation has multiple geographical locations with scale of more than 500 full-time equivalents.

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