Word: contraction
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...cost-effective ways to grow revenue anywhere they can. To reach customers in far-flung parts of the world, they've increasingly outsourced the translation of everything from computer-software programs to stock reports. Translation-services firms, as a result, are booming even as most U.S. service industries contract...
Fleming is a global temp worker, a modern-day nomad who jets off every year or so to a new locale, where he contracts out to companies desperate for engineers savvy in mobile communications. He is earning three to four times the salary he once made as a full-time employee of companies like Ericsson--which is why he was sounding merry on a recent morning, heading out of Seattle on a three-month contract to train engineers for his latest temp boss: Ericsson. "Now I go anywhere anybody pays me to go," he says. "It's a good...
...flexible enough to work in developing countries, including China, as well as advanced markets such as Europe, where third-generation (3G) systems will soon combine high-speed voice and data. With telecom engineers in short supply and companies leery of adding full-time staff for short-term projects, contract workers have filled...
James Brayshaw, 49, an engineer from Liverpool, has worked in Saudi Arabia, Sweden and Denmark for Dataworkforce. Now he is on contract to Nortel, testing circuits across Europe. "I would not go back to anything else. It's a lot more freedom and a lot more money," he says. "You can pick and choose what you want to do." The company offers training when necessary to make sure its contractors fit the temp jobs, which can involve everything from designing new cellular transmission stations and selecting sites for transceiver towers to supervising construction and troubleshooting reception problems...
...microchip industry worldwide is mired in a slump, with prices falling and many factories closing. But Chang, chairman of Taiwan Semiconductor Manufacturing Co., posted third-quarter earnings that were better than expected. He believes the rebound has begun, and he announced a $20 billion expansion. Chang, 70, an avid contract-bridge player educated at Stanford and MIT, founded TSMC in 1987 and has made it the industry leader...