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Originally Posted by MattyC
No idea. Likely not any sort of promotion. But my understanding is they are still employed. Or maybe thats what they mean by keeping them to train them. Just hearsay.
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I know most banks will try to relocate you to a different department or if they can't they'll buy you out in a package (what that may be I wouldn't know). My bank will move you to a different department and will only hold your salary (if higher in the previous position) for 2 years, then you'll drop down to your new departments salary. It's not fair, but I imagine this is more or less what RBC may do. Sure RBC is being the scapegoat here, but the problem is the principle that these companies are bringing in foreign workers for a job a Canadian is willing and able to do, just to save money. While I agree to some degree with outsourcing when it comes to the difference of closing shop or continuing running, I do think there has to be reason with Canadian banks specifically, as they surely can't cry poverty given their vast profits year over year. It reeks of greed and their CEO's can't plea ignorance to not knowing about such issues when the people under them who report to them are so intricately involved in the decision making process. To my knowledge they're bringing in foreign workers to replace Canadian ones, which is just wrong when a Canadian is qualified and willing to do the job.