It has been said for sometime now that when you graduate you are no longer just competing with your classmates but the world for jobs. To think it's otherwise is foolish.
RBC replaces Canadian staff with foreign workers
- Thread starter djk
- Start date
It has been said for sometime now that when you graduate you are no longer just competing with your classmates but the world for jobs. To think it's otherwise is foolish.
The major banks of Canada reported PROFITS of 6 billion or so. That's all they care about.
RBC caves:
http://www.ipolitics.ca/2013/04/11/rbcs-nixon-apologizes-to-workers-affected-by-outsourcing/
But might not be enough to keep people from digging up more dirt.
http://www.ipolitics.ca/2013/04/11/rbcs-nixon-apologizes-to-workers-affected-by-outsourcing/
But might not be enough to keep people from digging up more dirt.
That was the weakest apology I've read in a long time. They didn't break the law, but .............. We'll help the people we asked to train their replacements find similar jobs inside RBC. Why would they want to stay? The only thing they are sorry about is that they got caught doing something.
The law in question has holes big enough for a truck and the government didn't monitor it's use. Now that it's under scrutiny by the public, Harper is going to look at it.
The other side of the story. CTV NEWS interviewed several small business owners who said that they had job opening that Canadians declined so they had to hire foreign workers to fill those jobs. Ever notice how almost every nanny in Toronto looks Filipino? That is because no self-respecting Canadian would accept a job as a nanny, same with many other jobs. In fact, there are thousand of Russians in construction jobs in Toronto because not many Canadians want to get their hands dirty.
There is no excuse for replacing highly paid, skilled and experienced Canadians except for GREED. The banks and insurance companies can't claim that they are reducing cost to stay competitive. Banks & Insurance companies in Canada are monopolies and they have no competition in Canada. It's just to squeeze another nickle out of you and me?
They've gutted the manufacturing in Ontario, and it's almost done it in the IT sector. So were going be just like India, 1% owning everything and the rest of us as an underclass, doing the dirty jobs that can't be off shored.
They've gutted the manufacturing in Ontario, and it's almost done it in the IT sector. So were going be just like India, 1% owning everything and the rest of us as an underclass, doing the dirty jobs that can't be off shored.
RBC did not send that letter because they felt sorry, they sent it because pension plans were going to pull out billions. Today on their intranet, they had a q&a for staff and they said they are not stopping outsourcing where it makes "good business sense".
http://www.ottawacitizen.com/busine...ve+billion+funds+from+over/8233713/story.html
http://www.ottawacitizen.com/busine...ve+billion+funds+from+over/8233713/story.html
The banks aren't really 'monopolies', but are definitely more tightly controlled or monitored than the wild west in the US and that's much of the reason they made it through the recent meltdown relatively unmarked and the world is coming to us to see why and how.
Ya its called a lot of government control and regulations...which the USA would never go for.
Really? You really are such a hoot.
Some people just like to take care of children. The last time I looked into it, they started at ~$300 a week + room and board. Well qualified Nannies can make $1000/wk and you would swallow your tongue if you heard the top salaries in Canada, try $100,000+. Yes it's hard work, you should try it sometime, hard work that isw, but if you like what you do, it's very rewarding.
Very true, Frank.
I've seen this in the US - the mindset becomes "be thankful to have your job". Employees work 6 days for the same pay which doesn't go up much, corporate profits soar, productivity is thru the roof, family life and personal life suffers, the larger economy suffers because the middle class has no job security and therefore no consumer confidence, youth unemployment/underemployment is at record levels and people over 55 have a hard time getting hired because they are not seen as "productive" enough.
So when all this happens, a country is screwed unless the government steps in and enacts measures to force companies to hire. That's the only thing that will work.
I mean look at Accenture, a $25B company and it moved it's headquarters to Ireland and then to the Cayman (or vice versa) to keep its corporate taxes low. All these corporations want to sell in N.America but not to pay taxes here or employ here. Ultimately, US and Canada are the losers.
Lower corporate tax rates didn't work out too well for Ireland in the long run. They got a brief spurt of job growth and now it's back to dire times.
The good days: http://news.bbc.co.uk/2/hi/uk_news/wales/596800.stm
Now again, the bad days: http://www.bbc.co.uk/news/business-20207064
This is why it's important for governments to keep in mind --- the good of the banks and the good of large corporations doesn't necessarily translate into the good of a nation. I'm not proposing going communist but when growth is caused by pumping up home prices and encouraging reckless borrowing (as is happening in Canada) or reckless cost cutting, the government should step in. Prior to the US and Ireland crash, these might have been hypothetical maybes but there's evidence now for government regulation.
You mean the Irish in the country that almost went down for the count in 2010, except for some really draconian decisions being made and enacted?
Many of these companies have competitors from across the globe
Forcing them to hire will only make them uncompetitive
Your idea, though well intended, would cause far more harm than good
All the more reason why Canada should continue to lower corp tax rates & shrink the size of govt
Can't blame this on low tax rates because countries like Greece, Italy, Spain, etc. with higher tax rates are actually worse off than Ireland.
