Bank of AMERICA to Hire 1,000.

[Ferocious]

In India.

 

[dmcowen674]

Originally posted by: Ferocious
In India.

"Bank of America Corp. said on Wednesday it would set up a wholly owned Indian subsidiary for its back-office operations....

Analysts say two-thirds of U.S. banks outsource work to developing, low-cost countries such as India, China and Russia.

In Europe, HSBC, ABN AMRO and Deutsche Bank have been among the companies to shift work overseas. Western banks have outsourced IT work, human resources work, securities back office processing and some research.

Bank of America, which has faced protests over decisions to outsource jobs overseas
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They think they have seen protests? As BTO would say "They ain't seen nothing yet".

I say the first thing demanded that they lose is the name Bank of America and have their Corporate Charter renamed to Bank Of India.

 

[Zephyr106]

Originally posted by: Ferocious
In India.

Good. Those lazy complacent Americans work too inefficiently and demand too much money. The Indians are not only better workers but more deserving of having work. If your American and don't like this, move to India.

Zephyr

 

[SuperTool]

Originally posted by: Zephyr106

Originally posted by: Ferocious
In India.

Good. Those lazy complacent Americans work too inefficiently and demand too much money. The Indians are not only better workers but more deserving of having work. If your American and don't like this, move to India.
Zephyr

If India is so great, why do they need American banks to bring them jobs?

 

[athithi]

Originally posted by: SuperTool

Originally posted by: Zephyr106

Originally posted by: Ferocious
In India.

Good. Those lazy complacent Americans work too inefficiently and demand too much money. The Indians are not only better workers but more deserving of having work. If your American and don't like this, move to India.
Zephyr

If India is so great, why do they need American banks to bring them jobs?

1. India is a liberal, socialist state and a lot of industries were not privatized until recently
2. India is 56 years old, the United States is 227 years old - give us time, we'll send the jobs back in another 170 years

SuperTool, India is great irrespective of whether it gets these piddling 1000 BoA jobs.

<-- mutters to self, atleast we don't go around attacking sovereign nations at the drop of a hat...

 

[SuperTool]

Originally posted by: athithi

Originally posted by: SuperTool

Originally posted by: Zephyr106

Originally posted by: Ferocious
In India.

Good. Those lazy complacent Americans work too inefficiently and demand too much money. The Indians are not only better workers but more deserving of having work. If your American and don't like this, move to India.
Zephyr

If India is so great, why do they need American banks to bring them jobs?

1. India is a liberal, socialist state and a lot of industries were not privatized until recently
2. India is 56 years old, the United States is 227 years old - give us time, we'll send the jobs back in another 170 years

SuperTool, India is great irrespective of whether it gets these piddling 1000 BoA jobs.

<-- mutters to self, atleast we don't go around attacking sovereign nations at the drop of a hat...

The point is the "lazy complacent inefficient overpaid" American workers are the ones whose holdings are paying the salaries of the "better more deserving" Indian workers.
If we are so inefficient complacent and lazy, how come we generate $36000 GDP per capita, while the apparently hard working and more deserving Indian worker generates $2600 GDP per capita in terms of purchasing power parity?

 

[athithi]

Originally posted by: SuperTool

The point is the "lazy complacent inefficient overpaid" American workers are the ones whose holdings are paying the salaries of the "better more deserving" Indian workers.
If we are so inefficient complacent and lazy, how come we generate $36000 GDP per capita, while the apparently hard working and more deserving Indian worker generates $2600 GDP per capita in terms of purchasing power parity?

Hey! :frown: I didn't say American workers were inefficient! Zephyr106 said it. For what it's worth, I am a worker in America. Actually, I disagree that American workers are lazy. They work very hard and are very diligent. I actually respect American work ethics. You were the one who suggested that India wasn't great after all. You are wrong about that and that has nothing to do with how hard Americans work.

That said, in the IT industry, at the programmer level, Indians back in India work much harder - they are not as accustomed to customary software development processes and the quality of their work is typically functional, though inelegant. However, they work very, very, very hard. Take it from someone who put in his share of 14 hours days with no overtime for 1 full year working for an American client in India. I work a fraction as hard here but the quality of my output is much better in this environment.

 

[lozina]

Originally posted by: Zephyr106

Originally posted by: Ferocious
In India.

Good. Those lazy complacent Americans work too inefficiently and demand too much money. The Indians are not only better workers but more deserving of having work. If your American and don't like this, move to India.

Zephyr

Excuse me sir, there's some large chip on your shoulder. You may want a doctor to take a look.

 

[xxxxxJohnGaltxxxxx]

Originally posted by: athithi

2. India is 56 years old, the United States is 227 years old - give us time...

SuperTool, India is great irrespective of whether it gets these piddling 1000 BoA jobs.

<-- mutters to self, atleast we don't go around attacking sovereign nations at the drop of a hat...

See note#2

 

[dahunan]

Print out this article and make copies of it and then distribute it to Bank Of America customers and leave many of them in their lobby.. I think I might just do that today.

 

[dahunan]

AND.. .these Banks are not doing this so they can compete.. They are doing this so the owners can have more profit.. WHILE they are being protected by American laws ...

 

[Dissipate]

I hated banks long before they were outsourcing to India. But now I hate them even more, not only are they taking the American public for an @ss ride with inflationary fractional reserve banking, they are taking us for an @ss ride by shipping jobs overseas. Unfortunately I have to have an account at a bank to make my life easier, although I am exploring alternatives. e-gold here I come!

 

[Bleep]

The Band of America was the Bank of Italy until just a few years ago.

Bleep