Ron Babin, Ted Rogers School of Business and CORE Board member, does a good job of explaining that Canadian companies need to remain competitive and outsourcing is one of those tools.
CIBC staff losing jobs to workers in India, expected to help with training
CIBC is eliminating up to 130 jobs in its Toronto finance department and sending the work to India. Staff losing their positions must train other local CIBC employees, who will then train workers in India to take over the jobs.
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