All these would cut down on the bank’s labor costs, at the expense of its long-standing employees.
PBCom employees bring protest against layoffs to Chinatown
The PBCom employees’ union urged PBCom Management to assail outsourcing schemes and discontinue its announced termination.
Layoffs in PBCom prompt bank employees’ protest
“We cannot turn a blind eye for our members who are being eased out of their jobs one by one by the management just to save on costs in the name of profit.”
Calling the Bank’s Bluff:Why a Debtor’s Revolt Would Work
By MARSHALL AUERBACK Counterpunch International Posted by (Bulatlat.com) Once all the TARPs are tidied up and the quarterly profits no longer a revelation, American consumers will still be swaddled in debt. What’s to stop them from just walking away from it–and who’s to say, if the banks keep this kind of behavior up, we don’t…