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12 April 2013

Outsourcing bank jobs - Media monitoring

"At the high end of the skills spectrum, a different proposition is at work, as seen at RBC. High-tech jobs are shipped overseas or contracted to a Canadian company that gets the job done overseas. Costs go down, profits go up and up, as do CEO compensations (in RBC’s case, $7.5 billion last year and Gord Nixon’s package, $12.6 million).
Now we know what was meant by business “competitiveness,” “flexibility,” “nimbleness,” etc." Stop importing temporary workers into Canada: Siddiqui, Toronto Star
  • Outsourcing bank jobs is common practice, say employees. CIBC, TD, Scotiabank and BMO replaced Canadians with temporary foreign workers, claim hundreds of emails, CBC News 
  • Andrew Coyne: RBC outsourcing controversy an economic fraud, National Post
  • Capitalism as usual: Why RBC's outsourcing isn't really a surprise, By Kevin Edmonds, rabble.ca
  • iGate: The firm at the centre of RBC's outsourcing scandal, CTV News
  • Scotiabank won't contract out work, says president CBC.ca
  • Ex-RBC foreign workers say contractor controlled their lives, CBC.ca
  • Have your say, Winnipeg Free Press -- Today, RBC is outsourcing jobs and rubbing it in by having existing staff ... It appears that the CEOs of RBC, TD, Scotiabank, CIBC and BMO, ..
  • Letter: Banks' outsourcing does not fool anyone, Montreal Gazette, -- RBC and TD have done exactly that. ... This letter is not going to stop BMO from eliminating every possible job at the bank and outsourcing it.
  • McMaster student leads online charge against RBC hiring practices, CBC.ca -- Reacting to the media firestorm over a Royal Bank subcontractor’s use of temporary foreign workers, Immigration minister Jason Kenney was unequivocal. “The rules are very clear,” he said. “You cannot displace Canadians to hire people from abroad.”
  • RBC contrite after outsourcing scandal, Foreign workers controversy draws federal attention, By Julian Beltrame And Dave Paddon, The Canadian Press; With Files From The Calgary Herald
  • RBC isn’t an employment agency for Canadians,  By William Watson, Ottawa Citizen

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