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Market Chatter: Qantas Airways in Talks With Accenture Over Outsourcing Deal

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Qantas Airways (ASX:QAN) is in advanced negotiations with Accenture to implement a plan dubbed Project iQ that would see the airline outsource as many as 1,000 roles to India, the Australian Financial Review reported Tuesday, citing several anonymous sources briefed on the matter.

A final decision on the plan, which involves outsourcing portions of Qantas' back-office roles through greater use of artificial intelligence, is anticipated this year, according to the report.

A Qantas spokesman said the company is in early stage talks with Accenture, but a formal deal has not been struck yet, the news outlet reported.

Qantas did not immediately reply to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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