It’s like a bank heist in reverse, Via Mother Jones:
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.
BoA continues to spit in the face of the country that kept it’s bloated ass afloat when it got in over its head as well as its customers. Will it lower its fees now that it’s saving all that money by utilizing dirt cheap labor? HAHAHAHAHAHAHA! Of course not! It’ll just go to pad the bonuses of the CEO and other executives!
I have GOT to finish closing my account there!