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PostNord Renews Payroll Outsourcing Contract With CGI
Stockholm (ots/PRNewswire) - Stock Market Symbols GIB (NYSE) GIB.A (TSX) http://www.cgi.com/newsroom
CGI is pleased to announce that PostNord Group, a leading logistics company in the Nordic region, has renewed its payroll outsourcing [http://www.cgi.com/en/it-outsourcing-services] contract for five years, with the option of a two-year extension. CGI will continue to manage PostNord's payroll processes for approximately 26,000 employees across its Swedish operations.
PostNord has outsourced its payroll processes to CGI since 2005 with the objectives of increasing quality and flexibility. "At PostNord, we have challenging payroll demands, and our collaboration with CGI has ensured those challenges are met, that quality is maintained, and that delivery is cost-effective," said Finn Hansen, Chief HR Officer, PostNord. "Flexibility, in particular, is vital, and the agreement will allow us to continue to focus on effectively managing variable costs."
"PostNord is at the front edge when it comes to using modern technologies to streamline its business processes," said Fredrik Almén, Vice President IP and BPS, who leads CGI's business process services practice in Sweden. "CGI has in-depth experience in delivering HR and payroll services, as well as other BPS services, including business system, cash flow control, and document and data services. We look forward to continuing to evolve PostNord's payroll processes to meet its current and future needs."
About CGI Founded in 1976, CGI Group Inc. is the fifth largest independent information technology and business process services firm in the world. Approximately 68,000 professionals serve thousands of global clients from offices and delivery centers across the Americas, Europe and Asia Pacific, leveraging a comprehensive portfolio of services including high-end business and IT consulting, systems integration, application development and maintenance, infrastructure management as well as a wide range of proprietary solutions. With annualized revenue in excess of C$10 billion and an order backlog exceeding C$18 billion, CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Website: http://www.cgi.com
Forward-Looking Statements All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements" within the meaning of that term in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and are "forward-looking information" within the meaning of Canadian securities laws. These statements and this information represent CGI's intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, of which many are beyond the control of the Company. These factors could cause actual results to differ materially from such forward-looking statements or forward-looking information. These factors include but are not restricted to: the timing and size of new contracts; acquisitions and other corporate developments; the ability to attract and retain qualified members; market competition in the rapidly evolving IT industry; general economic and business conditions; foreign exchange and other risks identified in the press release, in CGI's annual and quarterly Management's Discussion and Analysis ("MD&A"), in CGI's Annual Report, in CGI's Annual Report on Form 40-F filed with the U.S. Securities and Exchange Commission (filed on EDGAR at http://www.sec.gov), and in the Company's Annual Information Form filed with the Canadian securities authorities (filed on SEDAR at http://www.sedar.com), as well as assumptions regarding the foregoing. The words "believe," "estimate," "expect," "intend," "anticipate," "foresee," "plan," and similar expressions and variations thereof, identify certain of such forward-looking statements or forward-looking information, which speak only as of the date on which they are made. In particular, statements relating to future performance are forward-looking statements and forward-looking information. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements or on this forward-looking information.
Investors and media: Lorne Gorber, Senior Vice-President, Global Communications and Investor Relations, email@example.com, +1-514-841-3355; Swedish media: Anna Carlson, PR and Communications, firstname.lastname@example.org, +46(0)073-398-0119