Outsourcing outrage halts contracts to India
Indian outsourcing firms such as iGate Corp., Tata Consultancy Services Ltd (TCS) and Infosys Ltd that count Canada`s biggest banks and financial services firms among top customers are facing a backlash in that country amid high unemployment, reports
livemint.com.
Royal Bank of Canada (RBC), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce` four of Canada`s largest banks`for instance, have stopped handing out fresh outsourcing projects temporarily after the recent controversy where RBC used temporary foreign workers from Fremont, California-based iGate to replace permanent staff of the bank, according to at least two people familiar with the development, told the website.
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