In the next phase of its global productivity initiative, Levi Strauss & Co. has done a five-year strategic agreement with Wipro Limited to outsource information technology, finance, human resources, customer relation and other services. The Company will pay about US $ 143 million over the initial term of the agreement to Wipro. The initiative is expected to generate net annualized cost savings of US $ 175 million – US $ 200 million once fully implemented. Levi Strauss also plans to eliminate about 500 employees, continues to reduce layers of management, increase spans of control, remove duplicative roles and make other structural changes as part of the global productivity initiative.
