| General Motors Corp. announced in late
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| | program, allowing more foreign workers to
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| November 2005 that it will close 9 of its
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| | come to the U.S. But critics believe that
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| United States auto manufacturing plants
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| | Gates and other industry executives are
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| as well as three assembly-related plants
| |
| | not being honest in their assessments, to
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| which includes one location in Canada.
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| | wit, the banking industry's India
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| Ford Motor Co. followed suit in early
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| | strategy which is hiring finance
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| December 2005 announcing it is
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| | graduates and not computer science
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| considering the shutdown of up to 8 of
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| | graduates in expanse of their industry.In
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| its U.S. manufacturing plants, including
| |
| | fact, consultants such as Stefan Spohr of
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| engine and assembly operations, with one
| |
| | AT Kearney estimate that investment banks
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| in Mexico. Americans are well familiar
| |
| | could raise their staff levels in India
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| with the downsizing, outsourcing and
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| | to as much as 20% in the next few years.
|
| offshoring of the U.S. manufacturing base
| |
| | Since salaries in India are 70-80% lower
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| which has seen 2/3 of its jobs lost in
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| | than in the U.S., with total costs about
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| the past 20 years, having been traded in
| |
| | 40% lower than in the U.S., the trend of
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| for third world cheap labor. And while
| |
| | offshoring will no longer exist. Rather,
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| white-collar workers have hardly been
| |
| | jobs will now originate from India and
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| immune from offshoring practices
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| | totally bypass the U.S.Disputing the fact
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| infiltrating boardrooms, indication this
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| | that there are not enough quality
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| week is that the tide has changed.Both
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| | candidates, for example, in the computing
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| the Intel Corp., the world's largest
| |
| | engineering field, is the change in the
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| computer chip manufacturer, as well as
| |
| | way in which U.S. engineers are hired.
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| J.P. Morgan Chase & Co., one of the
| |
| | Candidates are not only competing with
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| world's largest financial institutions
| |
| | their peers but also with the fear that
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| and 2nd largest in the U.S., are
| |
| | they will be replaced by either imported
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| investing in creating new jobs in India
| |
| | foreign workers or offshore workers, even
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| over the next few years rather than in
| |
| | after they are hired.Companies are
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| the U.S. Different in prior offshoring
| |
| | directly contributing to the supposed
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| scenarios, however, is that back-office
| |
| | engineering shortage themselves by
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| jobs such as investment banking, software
| |
| | requiring that an applicant meet every
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| engineering and research and development,
| |
| | item on a detailed list of
|
| previously occupied by American workers,
| |
| | qualifications. Transfer of like-skills
|
| will now originate from India as
| |
| | is a long lost concept. With
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| well.J.P. Morgan plans to locate 1/3 of
| |
| | approximately 200 responses for every job
|
| its investment banking and support staff
| |
| | listing, companies have the luxury to
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| in Bangalore, India by the end of 2007.
| |
| | hold out until they get the perfect
|
| It will double the amount of its
| |
| | candidate, as job cuts in technology
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| employees by hiring 4,500 graduates over
| |
| | positions are up 20% in the past year,
|
| the next two years. 3,000 of the new
| |
| | according to Challenger, Challenger, Gray
|
| hires will work in investment banking
| |
| | & Christmas. The unemployment rate for
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| with 1,500 providing support in its
| |
| | computer programmers and engineers is
|
| retail and commercial banking operations.
| |
| | higher than the national average which
|
| There are presently 4,500 employees in
| |
| | does not reflect those who remain
|
| front-office staff positions in Mumbai,
| |
| | unemployed in Silicon Valley as they no
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| India.With only 200 on staff in India
| |
| | longer register for unemployment
|
| just two years ago, in order to achieve
| |
| | benefits, nor those who were forced to
|
| their latest goal, J.P. Morgan will hire
| |
| | move on to other careers.According to
|
| between 300-400 graduates a month in
| |
| | Veronique Weill, head of operations at
|
| order to have 9,000 total positions in
| |
| | J.P. Morgan's investment banking
|
| front and back-office positions by 2008,
| |
| | division, "The quality of the people we
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| which includes complex derivatives
| |
| | hire is extraordinary and their level of
|
| settlements and structured finance
| |
| | loyalty to the company unbeatable," when
|
| transactions. The remaining approximately
| |
| | referring to the hiring of employees in
|
| 4,000 - 4,500 employees J.P. Morgan
| |
| | India. Funny, but that's what used to be
|
| employs will be divided between
| |
| | said about American workers. Perhaps the
|
| Bournemouth, England and New York, NY,
| |
| | American worker's biggest error was
|
| although the ratio between both countries
| |
| | requiring a decent wage for quality work
|
| was not disclosed.Similarly, Intel will
| |
| | done. And others would argue that maybe
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| invest $1.1 billion in India over the
| |
| | it was their expecting U.S. companies
|
| next 5 years, with $800 million dedicated
| |
| | would prefer them over foreign labor.
|
| specifically for research and development
| |
| | Tragically, greed, under the guise of a
|
| operations and other projects including
| |
| | global economy was the error, committed
|
| chip design, also in Bangalore, according
| |
| | not by U.S. workers but by U.S. CEO's,
|
| to Chairman Craig Barrett. Although Intel
| |
| | and condoned by the U.S.
|
| will also explore expanding its
| |
| | government.Copyright (c) 2005 Diane M.
|
| manufacturing prospects in India, its
| |
| | GrassiDiane M. Grassi is a freelance
|
| present investment will largely be for
| |
| | columnist, reporting and writing
|
| more complex high-value work as opposed
| |
| | commentary on current events of the day
|
| to just technical support and call-center
| |
| | providing honest and often politically
|
| jobs, which most IT firms offshore
| |
| | incorrect assessments.From U.S. public
|
| today.Other firms following this latest
| |
| | policy to Major League Baseball, she is
|
| trend are Cisco Systems, the world's
| |
| | an eclectic thinker, and demanding of her
|
| largest maker of internet equipment,
| |
| | readers to reflect on their own thinking
|
| which announced in October 2005 that it
| |
| | patterns from an alternative perspective.
|
| would invest $1.1 billion in India,
| |
| | Whether you agree with her or not, Diane
|
| tripling its work force to more than
| |
| | M. Grassi will have you coming back to
|
| 4,000 from 1,400 in the next three years.
| |
| | note her opinions, and if at best she
|
| It too will have research and development
| |
| | wakes you up, then her goal will have
|
| located in Bangalore. And it is likely
| |
| | been accomplished.Ms. Grassi is featured
|
| that more of the banking industry will
| |
| | with the online publications: The New
|
| soon follow J.P. Morgan's lead such as
| |
| | Media Journal; American Chronicle; the
|
| Goldman Sachs & Co. which may double its
| |
| | Federal Observer; Opinions Editorials;
|
| staff to 1,500 in Bangalore.Microsoft
| |
| | the Conservative Voice; the Las Vegas
|
| Chairman Bill Gates is expected to invest
| |
| | Penny Press; Mich News; the Sierra Times
|
| $400 million in Hyderabad, India where he
| |
| | as well as several others. She also
|
| plans to hire several hundred workers.
| |
| | writes regular columns on Major League
|
| Gates has been outspoken, with his
| |
| | Baseball where she is a featured online
|
| statement in April 2005, citing that
| |
| | columnist with The Diamond Angle Baseball
|
| there were not enough U.S. college
| |
| | Ezine and Sports-Central.org. She can be
|
| students majoring in computer science,
| |
| | reached at .
|
| and thus wants to expand the H1B Visa
| |
| |
|
