yeah, that's a shock...
AP Investigation: Banks sought foreign workers
Money quote --
Banks turned to foreign workers before the current economic crisis, said Diane Casey-Landry, chief operating officer for the American Bankers Association. The group said a year ago that demand exceeded the pool of qualified workers in areas like sales, lending and bank administration. Now with massive layoffs, the situation is different, Casey-Landry said.
The way I heard it, replace 'qualified' with 'willing to work for a fraction of the going rate'.
Money quote --
Banks turned to foreign workers before the current economic crisis, said Diane Casey-Landry, chief operating officer for the American Bankers Association. The group said a year ago that demand exceeded the pool of qualified workers in areas like sales, lending and bank administration. Now with massive layoffs, the situation is different, Casey-Landry said.
The way I heard it, replace 'qualified' with 'willing to work for a fraction of the going rate'.