RBC replaces Canadian staff with foreign workers
- Thread starter djk
- Start date
+1,can't beat them ,join themWhy bother complaining? It's the way of the world these days. Just do what I do, buy RBC and TD stock and cash in like I have.
Yes, temporarily in Canada for the transition. Usually a small shim of people stay onshore to handle liason-type workread the article more carefully..THEY ARE IN CANADA............sheesh
'RBC spokesperson Rina Cortese told Go Public several foreign workers from iGATE will be working in the bank’s Toronto offices until 2015. By then, she said, most of the work will be transferred abroad, but a few of the foreigners will remain indefinitely."
RBC CEO Gord Nixon made $12.6 Million in 2012. Compare that to the $12 to $16K a year paid to the standard Indian IT guy or the $40 to $50K paid to the entry level Canadian IT Support staff.
How to replace Canadian Workers with foreigners. Hire an external company (iGate), they hire their own staff. Train their staff and fire yours. RBC has not hired any foreigners, they contracted an external organization to provide them with a service. It's a legal loophole they are taking advantage of. All's fair in War and Business.
I work in the IT field and have seen this scenario what too many times in the past 10 years.
How to replace Canadian Workers with foreigners. Hire an external company (iGate), they hire their own staff. Train their staff and fire yours. RBC has not hired any foreigners, they contracted an external organization to provide them with a service. It's a legal loophole they are taking advantage of. All's fair in War and Business.
I work in the IT field and have seen this scenario what too many times in the past 10 years.
Agreed!It's clearly against the rules, the government should crack down hard on them.
Temporary Foreign Worker Program.and how exactly is it that Harper created this?
RBC might be overstepping the program but will the Gov. hammer them or just look the other way?
Do you even know what communism is? Have you ever read a book that doesn't have pictures in it?It may not be perfect, however it beats the hell out of left wing communism.
130 years ago, Canada imported Chinese workers to build the CPR. Fast forward to 2013 and Canadians hire nannies from Philippines to look after their kids. Foreign workers have always been a part of building Canada. What local is willing to pick our fruits and vegetables?
The people only care when people come to take jobs that they are willing to, working at rbc is a lot different than picking produce.130 years ago, Canada imported Chinese workers to build the CPR. Fast forward to 2013 and Canadians hire nannies from Philippines to look after their kids. Foreign workers have always been a part of building Canada. What local is willing to pick our fruits and vegetables?
NAFTA has been the biggest betrayal to the working class of North America according to Chris Hedges. Now skilled labor/good jobs are being taken away from Canadians, which is not fair to the people here that CAN do these jobs.
I get the sense that YOU don't know what communism is. Not theoretical communism, which has never been put into practice on this planet, but communism as it has taken shape in every country that has actually implemented it.Do you even know what communism is? Have you ever read a book that doesn't have pictures in it?
When I call Hewlett Packard somebody in India picks up. When I call Bell billing somebody in Philippines picks up.
If you call yung_dood, a commie will pick upWhen I call Hewlett Packard somebody in India picks up. When I call Bell billing somebody in Philippines picks up.
Why is it so surprsing? Isn't outsourcing pretty much standard practice?
Sure it sucks but plenty of blue collar jobs are gone why are we surprised that white collar jobs are disappearing as well.
Sure it sucks but plenty of blue collar jobs are gone why are we surprised that white collar jobs are disappearing as well.
Because the promise of a white collar job at the end of a very expensive university education seems be to be slipping away. And it's happening in law, medicine, accounting, marketing.......across the spectrum of the higher end of the labor market. These jobs are not McJobs. The average IT salary is in the ballpark of $60-70k here in the Toronto market.Why is it so surprsing? Isn't outsourcing pretty much standard practice?
Sure it sucks but plenty of blue collar jobs are gone why are we surprised that white collar jobs are disappearing as well.
Not to mention, there's no skills advantage in low cost labor markets, just a cost advantage.
Like others have mentioned, 'outsourcing' has been around for a long time and will always be around. We just used to call 'slavery' at one point, but the idea is still the same: have other people do the work that we don't want to do. Boycotting RBC is pointless too 1. There are so many products and services that are already outsourced. Try to find anything that isn't made in China these days. You might as well rename Wal-Mart to China-Mart. 2. Generally, checking and savings accounts lose money for the banking business so moving to another bank might actually benefit RBC.
Canadians are also shareholders of all the big banks in our mutual funds, pension funds, etc. so we all have a vested interest in getting the maximum dividend out of the banks.
Canadians are also shareholders of all the big banks in our mutual funds, pension funds, etc. so we all have a vested interest in getting the maximum dividend out of the banks.
RBC is just looking after their shareholders. Thats the way they explained it to me when they could only offer me a pitiful 0.5% on my GIC renewal. So I said, in other words yah y dont give a ratz ass about your customers. That comment shut the bank manager's yap up fast.
and now looks like they dont give a crap about their Canadian employees too.
and now looks like they dont give a crap about their Canadian employees too.
On the other hand, when the banks tried to lower their mortgage rate to 2.89%, the Minister of Finance said NO.Thats the way they explained it to me when they could only offer me a pitiful 0.5% on my GIC renewal.
