Business Services Industry
ING's Outsourcing Sparks Boycott Threats by Bristol, Conn., Business Owner.
Knight Ridder/Tribune Business News, December, 2003
By Diane Levick, The Hartford Courant, Conn. Knight Ridder/Tribune Business News
Dec. 10--The fight against outsourcing jobs to foreigners has jumped to a new level with a Bristol business owner threatening to pull his firm's retirement plan from ING Group, and advocacy groups planning to encourage similar actions.
Fred Tedesco, president and co-owner of Pa-Ted Spring Co. Inc., said Tuesday he told ING's Hartford office in a letter that he would switch his 70-person 401(k) plan to another company if ING outsources more computer jobs.
He also plans to pressure The Hartford Financial Services Group Inc., which he says provides property-casualty insurance for his firm. The insurer's Hartford Life unit has done some outsourcing of...
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