Luxoft moved 536 engineers from Russia and Ukraine

The company wants to be closer to customers and to avoid country risk

Offshore software developer Luxoft transported 536 developers from Russia and the Ukraine to Poland, Romania and Bulgaria. This is stated in the financial statements of the company for fiscal year 2015, ended March 31, 2015. In the current fiscal year, the company plans to take out of Russia and Ukraine more employees.

This is a part of Luxoft’s program “Global Upgrade”, which assumes employees to be spread across regions in order to reduce operating and macroeconomic risks. In the long term Luxoft wants to have no more than 25% of the company's personnel in each office, the report said.

In Ukraine today operates 42% of the company's personnel. Last year this share was 49%, while in Russia this figure was reduced to 25% against 30% in the previous fiscal year, according to company statements.