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Originally Posted by Caspar
First of all let me say I don't support off-shoreing work that UK employee's currently have just to save money, even if it is:
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He pointed out that the bank saved about $20,000 (£10,40 0) for every job it moved.
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My point is..what technically does off-shoring mean!... My understanding of people's hatred of the practice comes from UK companies cutting jobs and moving the work to ASIA.
But how can the same term be applied to a non-UK company, such as HSBC...which is a Hong Kong Bank, arn't they just pulling out of the UK, to some degree?
Please enlighten me on the subtle differences in UK/International companies and off-shoreing? |
I think that when they took over the Midland, HSBC re-incorporated the whole company and based it in England.
The world headquarters is just over the other side of the Thames from where I am sitting now (and is in the Canary Wharf complex).