3 Years After Taxpayer Bailout, Bank of America Ships Jobs Overseas

by Guest Tue May 29, 2012 1:31 pm

Bank of America, which last fall announced plans to lay off 30,000 workers, is about to go on a hiring spree—overseas.

America's second-largest bank is relocating its business-support operations to the Philippines, according to a high-ranking Filipino government official recently quoted in the Filipino press. The move, which includes a portion of the bank's customer service unit, comes less than three years after Bank of America received a $45 billion federal bailout.

http://www.motherjones.com/politics/2012/05/bank-of-america-outsourcing-call-center-philippines

They did this in March 2009 also! They closed large call centers across the country, one here in RI that cost the state about 1,300 jobs! The employees even had to train their Indian replacements in order to keep their severance package.

There would be NO NEED TO EXTEND BENEFITS if companies and financial institutions like this had a tighter reign on them!!!

by elvis44102 Tue May 29, 2012 7:11 pm

banks steal and don't go to jail,......of course not they have 10 lobbyist per bought and paid for lawmaker

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3 Years After Taxpayer Bailout, Bank of America Ships Jobs Overseas

3 Years After Taxpayer Bailout, Bank of America Ships Jobs Overseas

Re: 3 Years After Taxpayer Bailout, Bank of America Ships Jobs Overseas