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Jobs Squeeze for Indian Workers

By Michelle Delio

02:00 AM Jun. 06, 2003 PT

U.S. companies such as IBM, Intel, Hewlett-Packard, Oracle and PeopleSoft are already exploring countries with even cheaper sources of technical labor, says a report from research firm IDC. The new destinations include Romania, Russia, Hungary, the Czech Republic, the Philippines, Singapore, Thailand and Vietnam.

As a result, India, which some have blamed for the loss of American jobs, may soon lose jobs itself....