Well, for all the cities out there who think back offices and "call centers" can replace their dead and departed industrial base:
Bank of America has announced that it is laying off hundreds of its call center/back office employees. The real kicker is that it has used the H1B Visa program to temporarily bring in hundreds of Indian nationals. If the current call center employees do not successfully train their replacements to do their jobs (back in India for 1/4 the minimal American wages), the current employees will receive no severance pay.
I love the Global Marketplace! Hugh McColl or his replacement will probably get an extra $3,000,000 bonus for this.
Bank of America has announced that it is laying off hundreds of its call center/back office employees. The real kicker is that it has used the H1B Visa program to temporarily bring in hundreds of Indian nationals. If the current call center employees do not successfully train their replacements to do their jobs (back in India for 1/4 the minimal American wages), the current employees will receive no severance pay.
I love the Global Marketplace! Hugh McColl or his replacement will probably get an extra $3,000,000 bonus for this.