Foundever

Foundever provides customer support and business process outsourcing solutions.

CCI Score

3.34

-0.01% April 18

Latest Event

Foundever signs €65 mln MoU with ITIDA to Expand Outsourcing Operations in Egypt

Foundever has signed a 65 million euro memorandum of understanding with Egypt’s ITIDA to expand its outsourcing operations over the next four years. The agreement is expected to create around 5,000 new jobs, demonstrating the company’s commitment to ethical labor practices and community investment. This move not only boosts local employment but also aligns with Egypt’s broader strategy under Vision 2030 to enhance its global standing in business services and technology innovation.

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OBJECTOR

Foundever is currently rated as an Objector.

0 to +9 CCI Score

These companies deliberately avoid direct involvement with authoritarian practices. While they do not actively challenge oppressive regimes, they maintain a neutral stance to ensure they are not complicit in supporting such systems.

Latest Events

DEC

08

2024

Foundever signs €65 mln MoU with ITIDA to Expand Outsourcing Operations in Egypt
63.23

Foundever has signed a 65 million euro memorandum of understanding with Egypt’s ITIDA to expand its outsourcing operations over the next four years. The agreement is expected to create around 5,000 new jobs, demonstrating the company’s commitment to ethical labor practices and community investment. This move not only boosts local employment but also aligns with Egypt’s broader strategy under Vision 2030 to enhance its global standing in business services and technology innovation.
+70

Business Practices and Ethical Responsibility

March 19

By creating approximately 5,000 new job opportunities and investing in a state-of-the-art facility, Foundever reinforces its commitment to ethical labor practices and community development. This positive business practice enhances worker rights and supports inclusive economic growth.

ITIDA, Foundever sign €65 mln MoU to expand outsourcing operations in Egypt - Tech - Business - Ahram Online
+60

Economic and Structural Influence

March 19

The investment and expansion in Egypt align with the country’s Vision 2030, reflecting positive economic collaboration. This strategic partnership supports local economic development and technological advancement, thereby contributing constructively to the economic landscape.

ITIDA, Foundever sign €65 mln MoU to expand outsourcing operations in Egypt - Tech - Business - Ahram Online
SEP

15

2024

Glassdoor Review: Foundever Labor Practices Criticized
-56.56

An employee review on Glassdoor suggests that Foundever treats its employees as mere numbers with little recognition for tenure or hard work, raising concerns about labor rights and ethical treatment within the company.
-60

Labor Relations and Human Rights Practices

March 19

The Glassdoor review indicates that Foundever's internal practices devalue employee contributions by treating workers as interchangeable metrics rather than human beings with rights and merit. This neglect of labor rights and fair treatment aligns with broader exploitative practices which can contribute to authoritarian dynamics in corporate governance.

Foundever - Started out great and ended a nightmarish place