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Thursday, May 31, 2012

The New American Job Killer Is Bank Of America

Less than three years removed from accepting a $45 billion bailout courtesy of the American taxpayers – Bank of America announced plans to lay off 30,000 American workers – and relocate its business-support operations and call centers to the Philippines. Bank of America joins other big American banks that've turned their back on American workers and set-up shop in the low-wage paradise of the Philippines – where the average family makes just $4,700 a year. In the last four years – 500,000 jobs have been shed from the US call center industry thanks to this same sort of outsourcing. Democratic Representative from New York – Tim Bishop – has introduced legislation titled the US Call Center and Consumer Protection Act to stop the flow of American call center jobs out of the country. The bill will make any company like Bank of America that ships American call center jobs to places like the Philippines unable to receive future federal loans and grants. Call your Member of Congress and tell them to support this critical piece of legislation.

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