Former outsourcer describes how job destruction works
An insider explains how Canada’s big banks contract out good jobs to make even more money. These are the confessions of an outsourcer. She has spent more than a decade helping some of Canada’s biggest financial institutions shed workers and replace them with low-wage help. She has made a good living doing this. But she...
Bank probes find manipulation in Singapore’s offshore Foreign Exchange market
Reuters- Jan 27, 2013 Internal reviews by banks in Singapore have found evidence that traders colluded to manipulate rates in the offshore foreign exchange market, according to a source with knowledge of the inquiries. The discovery widens a global lending rate scandal into new markets, as fallout from the Libor case puts banks...
Singapore Airlines: Will Ask 76 Pilots to Leave Before Contracts Expire
Fox Business- January 30, 2013 The pilots are likely to leave by June 30, Singapore Airlines said in a statement. It said it had previously released pilots only when contracts expired. The airline said it has a pilot surplus because the global financial crisis of 2009-10 left it with excess capacity and slower-than-expected...
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