Lack Of US Jobs By "Globalization" Design -
:-o :-o :-o
Destabilizing America's Workforce By Design
Governing w/ The American Worker In Mind - Obviously Not !!!
JPMorgan To Hire 4,500 Graduates In India
"American banking giant JPMorgan Chase is to hire 4,500 graduates in India over the next two years with plans to move 30 per cent of its back office and support staff at its investment bank offshore by the end of 2007."
"Other investment banks are also planning to move operations to India and Stefan Spohr, of consultants AT Kearney, estimates that US and UK-based investment banks now have about 6,000 staff in India, of which half are directly employed, representing less than 5 per cent of their total headcount. However, he predicts this could rise to as much as 20 per cent in the next few years."