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American Workers Perceive Offshore Outsourcing as Threat to Economy, Not Themselves.



Business Editors

NEW YORK--(BUSINESS WIRE)--June 14, 2004

While 66 percent of U.S. workers believe that offshore outsourcing Offshore outsourcing is the practice of hiring an external organization to perform some business functions in a country other than the one where the product or service will be sold or consumed.  of jobs is bad for the U.S. economy, an overwhelming 84 percent believe that it is not likely that their jobs would be moved to an offshore location, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 a national poll of 2,814 workers released today by Hudson.

Even the minority (15 percent) of workers who feel that their jobs could be exported are optimistic op·ti·mist  
n.
1. One who usually expects a favorable outcome.

2. A believer in philosophical optimism.



op
 about their own job prospects. Nearly half of them believe that their next job will be better than their current one. Furthermore, nearly 60 percent of workers believe that their companies are more likely to outsource jobs to American companies and entrepreneurs in order to achieve cost savings and reduce payrolls rather than moving jobs overseas.

"We were surprised by the strength of the sentiment against offshore outsourcing despite the limited personal impact reported by the workforce," said Jeff Anderson, senior vice president of Hudson Global Resources. "In fact, half of the surveyed workers opposed the practice so strongly that they advocate government penalties on companies that outsource jobs to offshore locations."

The poll reveals a stark contrast in attitudes on outsourcing among manufacturing and service workers. While 33 percent of manufacturing workers believe that their jobs could be moved to another country, only 11 percent of service workers shared this view. Interestingly, 54 percent of manufacturing workers believe that their company is more likely to outsource jobs within the U.S. to save costs and reduce payroll, in comparison to 27 percent who said that if given a choice their company would move jobs overseas.

Hudson, one of the world's leading professional staffing, outsourcing and human capital solution providers, also publishes the Hudson Employment Index(SM), a monthly measure of the U.S. workforce's confidence in the employment market. Next month's Hudson Employment Index(SM) will be released on June 30, 2004.

Hudson

Hudson delivers specialized professional staffing, outsourcing and human capital solutions worldwide. From single placements to total solutions, the firm assesses, recruits and develops talent to meet the specific business needs of each client. Global practice areas include Accounting & Finance; Engineering, Operations & Scientific; Healthcare; Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. ; IT & Telecommunications; Legal; and Sales & Marketing.

Hudson is a division of Hudson Highland Group, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: HHGP HHGP Hudson Highland Group, Inc ) one of the world's leading professional staffing, retained executive search and human capital solution providers. More information is available at Hudson.com.

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Form 10-K

See 10-K.
 and our other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.
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Publication:Business Wire
Date:Jun 14, 2004
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