Melbourne-based BlueScope Steel has announced that it will continue to outsource its human resources, accounting and procurement processes to Capgemini until December 2016.
The Business Process Outsourcing (BPO) contract, which came into effect on 1 April, extends a seven-year-long relationship that began when BlueScope Steel spun off from BHP Billiton in 2002.
BlueScope Steel operates in 15 countries including Australia, New Zealand, China and the US. Capgemini operates in 32 countries but would not specify where BlueScope Steel processes would be managed from.
Karen Lowe, BlueScope Steel's Shared Services VP, said the Capgemini partnership enabled cost savings "during the difficult business conditions of the last two years".
"The further cost saving initiatives and service delivery improvements we plan to deliver with Capgemini are important to us," she said in a statement.
In March, BlueScope Steel also cited cost savings and service delivery improvements as it renewed a decade-long outsourced IT services arrangement with CSC.
Capgemini declined to disclose the financial terms of the contract as these was deemed commercial-in-confidence.