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